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

Sidus Space, Inc. (NASDAQ:SIDU) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 926,300 shares, a drop of 20.1% from the February 13th total of 1,160,000 shares. Based on an average trading volume of 8,130,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On Sidus Space

A number of institutional investors have recently modified their holdings of SIDU. Tower Research Capital LLC TRC grew its position in Sidus Space by 747.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,620 shares of the company’s stock valued at $28,000 after acquiring an additional 4,957 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Sidus Space in the 4th quarter valued at approximately $51,000. XTX Topco Ltd acquired a new stake in shares of Sidus Space in the 4th quarter valued at approximately $58,000. Millennium Management LLC bought a new stake in shares of Sidus Space during the 4th quarter valued at approximately $89,000. Finally, Northern Trust Corp acquired a new position in Sidus Space during the 4th quarter worth approximately $111,000. Institutional investors and hedge funds own 17.91% of the company’s stock.

Sidus Space Stock Performance

Shares of SIDU opened at $1.70 on Wednesday. The firm has a 50 day simple moving average of $2.36 and a two-hundred day simple moving average of $2.53. Sidus Space has a one year low of $1.15 and a one year high of $7.65.

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.