Sidus Space, Inc. (NASDAQ:SIDU) Short Interest Up 34.2% in May

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,140,000 shares, a growth of 34.2% from the May 15th total of 849,400 shares. Currently, 6.3% of the company’s shares are sold short. Based on an average daily volume of 732,600 shares, the short-interest ratio is currently 1.6 days.

Sidus Space Stock Performance

Shares of NASDAQ:SIDU opened at $1.63 on Tuesday. Sidus Space has a 52 week low of $1.14 and a 52 week high of $7.65. The company has a market capitalization of $29.84 million, a PE ratio of -0.61 and a beta of -1.46. The company has a 50 day moving average price of $1.52 and a two-hundred day moving average price of $2.14.

Sidus Space (NASDAQ:SIDU) last issued its earnings results on Thursday, May 15th. The company reported ($0.35) EPS for the quarter. Sidus Space had a negative net margin of 291.96% and a negative return on equity of 129.87%. The firm had revenue of $0.24 million during the quarter.

Institutional Investors Weigh In On Sidus Space

Several large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of Sidus Space by 747.7% during 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 in the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Sidus Space during the first quarter worth $45,000. Vontobel Holding Ltd. bought a new stake in shares of Sidus Space during the fourth quarter worth $51,000. XTX Topco Ltd bought a new stake in shares of Sidus Space during the fourth quarter worth $58,000. Finally, Millennium Management LLC bought a new stake in shares of Sidus Space during the fourth quarter worth $89,000. Institutional investors own 17.91% of the company’s stock.

About Sidus Space

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.