BlackSky Technology Inc. (NYSE:BKSY) Short Interest Up 41.1% in March

BlackSky Technology Inc. (NYSE:BKSY) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 3,470,000 shares, an increase of 41.1% from the February 28th total of 2,460,000 shares. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 13.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in BlackSky Technology by 22.7% in the fourth quarter. BNP Paribas Financial Markets now owns 3,691 shares of the company’s stock valued at $40,000 after purchasing an additional 683 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of BlackSky Technology by 115.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,626 shares of the company’s stock valued at $28,000 after acquiring an additional 1,406 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of BlackSky Technology by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 59,450 shares of the company’s stock valued at $641,000 after acquiring an additional 1,700 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of BlackSky Technology in the 4th quarter valued at approximately $44,000. Finally, Corebridge Financial Inc. boosted its stake in BlackSky Technology by 73.0% during the 4th quarter. Corebridge Financial Inc. now owns 12,481 shares of the company’s stock worth $135,000 after acquiring an additional 5,266 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors.

BlackSky Technology Trading Down 0.0 %

Shares of BKSY traded down $0.00 on Tuesday, reaching $7.73. 715,876 shares of the company’s stock were exchanged, compared to its average volume of 751,114. BlackSky Technology has a 12 month low of $3.86 and a 12 month high of $21.92. The stock has a market capitalization of $244.48 million, a P/E ratio of -3.42 and a beta of 1.27. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $13.08 and a two-hundred day moving average price of $10.12.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $20.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. Benchmark reiterated a “buy” rating and set a $17.00 target price on shares of BlackSky Technology in a research report on Friday, March 7th. Finally, Oppenheimer raised their price target on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $21.80.

About BlackSky Technology

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.