Redwire Co. (NYSE:RDW) Sees Large Decrease in Short Interest

Redwire Co. (NYSE:RDW) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,640,000 shares, a decline of 18.2% from the February 13th total of 4,450,000 shares. Currently, 16.1% of the company’s shares are sold short. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is presently 2.0 days.

Insider Transactions at Redwire

In other news, major shareholder Park Lp Genesis II sold 5,371 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.01, for a total transaction of $96,731.71. Following the sale, the insider now directly owns 4,598,056 shares in the company, valued at approximately $82,810,988.56. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 684,454 shares of company stock worth $13,682,993. Insiders own 2.60% of the company’s stock.

Institutional Trading of Redwire

A number of large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in Redwire in the 4th quarter worth about $587,000. Squarepoint Ops LLC purchased a new position in shares of Redwire in the fourth quarter worth $489,000. Two Sigma Advisers LP purchased a new position in shares of Redwire in the fourth quarter worth $339,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Redwire by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company’s stock worth $212,000 after buying an additional 532 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Redwire in the fourth quarter worth $4,830,000. 8.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on RDW shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $28.00 price target on shares of Redwire in a research note on Tuesday, March 11th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Tuesday, March 11th. B. Riley reduced their price objective on Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, HC Wainwright reiterated a “buy” rating and set a $26.00 price target on shares of Redwire in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.71.

Redwire Price Performance

Shares of RDW traded up $0.49 during trading hours on Wednesday, hitting $11.44. The stock had a trading volume of 1,692,772 shares, compared to its average volume of 832,632. The stock has a fifty day moving average price of $17.65 and a 200 day moving average price of $12.81. Redwire has a 12 month low of $3.39 and a 12 month high of $26.66. The firm has a market capitalization of $761.10 million, a PE ratio of -9.45 and a beta of 2.33.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.