Firefly Aerospace, Inc. (NASDAQ:FLY) Short Interest Update

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,716,690 shares, a growth of 36.4% from the December 15th total of 3,458,143 shares. Based on an average daily volume of 3,514,282 shares, the short-interest ratio is currently 1.3 days. Approximately 3.0% of the company’s shares are short sold. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 3,514,282 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Firefly Aerospace

Institutional investors and hedge funds have recently bought and sold shares of the stock. AE Industrial Partners LP bought a new stake in Firefly Aerospace in the 3rd quarter valued at $1,063,863,000. Vanguard Group Inc. acquired a new position in shares of Firefly Aerospace in the third quarter valued at $53,409,000. Hudson Bay Capital Management LP bought a new position in Firefly Aerospace in the third quarter worth $50,711,000. Capital World Investors bought a new stake in Firefly Aerospace in the 3rd quarter valued at $35,337,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Firefly Aerospace in the 3rd quarter valued at $19,899,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FLY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Roth Capital reissued a “buy” rating on shares of Firefly Aerospace in a research report on Monday, November 24th. Morgan Stanley set a $33.00 target price on Firefly Aerospace in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised Firefly Aerospace from a “hold” rating to a “buy” rating and cut their price target for the stock from $40.00 to $30.00 in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.29.

Firefly Aerospace Price Performance

Shares of NASDAQ FLY traded up $3.66 during trading hours on Friday, hitting $33.41. 5,008,749 shares of the stock were exchanged, compared to its average volume of 3,558,997. The stock has a market cap of $5.32 billion and a price-to-earnings ratio of -4.59. Firefly Aerospace has a one year low of $16.00 and a one year high of $73.80. The company has a quick ratio of 6.20, a current ratio of 6.20 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $22.39.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.09. The business had revenue of $30.78 million during the quarter, compared to analyst estimates of $28.93 million. The firm’s quarterly revenue was up 37.5% compared to the same quarter last year.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.