Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Down 20.1% in February

by · The Cerbat Gem

Sidus Space, Inc. (NASDAQ:SIDU – Get Free Report) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 926,300 shares, a decline of 20.1% from the February 13th total of 1,160,000 shares. Approximately 10.9% of the company’s shares are sold short. Based on an average trading volume of 8,130,000 shares, the days-to-cover ratio is currently 0.1 days.

Sidus Space Price Performance

Shares of Sidus Space stock traded down $0.17 during midday trading on Tuesday, reaching $1.75. The company had a trading volume of 807,974 shares, compared to its average volume of 2,372,145. The stock has a fifty day moving average price of $2.39 and a 200 day moving average price of $2.54. Sidus Space has a fifty-two week low of $1.15 and a fifty-two week high of $7.65.

Hedge Funds Weigh In On Sidus Space

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Sidus Space by 747.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,620 shares of the company’s stock worth $28,000 after acquiring an additional 4,957 shares during the period. Vontobel Holding Ltd. acquired a new position in Sidus Space in the fourth quarter valued at approximately $51,000. XTX Topco Ltd acquired a new position in Sidus Space in the fourth quarter valued at approximately $58,000. Millennium Management LLC acquired a new position in Sidus Space in the fourth quarter valued at approximately $89,000. Finally, Northern Trust Corp acquired a new position in Sidus Space in the fourth quarter valued at approximately $111,000. 17.91% of the stock is owned by institutional investors and hedge funds.

About Sidus Space

(Get Free Report)

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.

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