Sidus Space, Inc. (NASDAQ:SIDU) Sees Significant Drop in Short Interest

Sidus Space, Inc. (NASDAQ:SIDU) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 538,300 shares, a decline of 41.9% from the February 28th total of 926,300 shares. Approximately 6.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,460,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Sidus Space

A number of hedge funds have recently added to or reduced their stakes in SIDU. Millennium Management LLC bought a new position in shares of Sidus Space in the 4th quarter valued at $89,000. Jane Street Group LLC acquired a new position in Sidus Space in the 4th quarter worth about $118,000. Northern Trust Corp bought a new position in Sidus Space in the fourth quarter valued at about $111,000. Heights Capital Management Inc. acquired a new stake in shares of Sidus Space during the fourth quarter valued at about $2,367,000. Finally, Tower Research Capital LLC TRC grew its holdings 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 purchasing an additional 4,957 shares during the last quarter. Institutional investors and hedge funds own 17.91% of the company’s stock.

Sidus Space Stock Performance

Shares of SIDU stock opened at $1.50 on Friday. Sidus Space has a twelve month low of $1.15 and a twelve month high of $7.65. The business has a fifty day simple moving average of $2.22 and a 200 day simple moving average of $2.47.

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.