Sidus Space, Inc. (NASDAQ:SIDU) Sees Large Increase in Short Interest

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 562,600 shares, a growth of 15.7% from the January 15th total of 486,200 shares. Approximately 6.8% of the company’s stock are short sold. Based on an average trading volume of 8,260,000 shares, the short-interest ratio is currently 0.1 days.

Sidus Space Stock Performance

SIDU stock traded down $0.03 during trading on Monday, reaching $2.67. The stock had a trading volume of 644,694 shares, compared to its average volume of 1,873,191. Sidus Space has a 1-year low of $1.15 and a 1-year high of $10.15. The firm has a fifty day moving average price of $3.08 and a 200 day moving average price of $2.65.

Hedge Funds Weigh In On Sidus Space

Hedge funds have recently modified their holdings of the stock. Heights Capital Management Inc. acquired a new position in shares of Sidus Space in the 4th quarter valued at about $2,367,000. Geode Capital Management LLC grew its position in Sidus Space by 139.2% during the fourth quarter. Geode Capital Management LLC now owns 86,984 shares of the company’s stock valued at $426,000 after purchasing an additional 50,614 shares in the last quarter. Virtu Financial LLC acquired a new position in Sidus Space in the 4th quarter valued at approximately $157,000. Jane Street Group LLC purchased a new stake in Sidus Space in the 4th quarter worth approximately $118,000. Finally, Northern Trust Corp acquired a new stake in shares of Sidus Space during the 4th quarter valued at $111,000. 17.91% of the stock is currently owned by institutional investors and hedge funds.

Sidus Space Company Profile

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.