Intuitive Machines, Inc. (NASDAQ:LUNR) Short Interest Update

Intuitive Machines, Inc. (NASDAQ:LUNR) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 5,710,000 shares, an increase of 21.0% from the May 15th total of 4,720,000 shares. Based on an average daily trading volume, of 3,260,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 12.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LUNR. Vanguard Group Inc. lifted its position in Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after acquiring an additional 429,531 shares during the period. Baltimore Washington Financial Advisors Inc. bought a new stake in shares of Intuitive Machines in the 1st quarter worth approximately $67,000. Deuterium Capital Management LLC bought a new stake in shares of Intuitive Machines in the 1st quarter worth approximately $125,000. Solstein Capital LLC purchased a new stake in shares of Intuitive Machines in the 1st quarter worth approximately $44,000. Finally, Sanders Morris Harris LLC bought a new position in Intuitive Machines during the 1st quarter valued at approximately $119,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of Intuitive Machines from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Tuesday, May 28th. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Thursday, April 4th. Finally, Roth Mkm lowered their target price on Intuitive Machines from $15.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 15th.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock traded down $0.12 during trading hours on Monday, reaching $3.76. The company had a trading volume of 1,262,445 shares, compared to its average volume of 6,383,080. The business has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $4.62. Intuitive Machines has a one year low of $2.09 and a one year high of $13.25. The firm has a market cap of $468.62 million, a PE ratio of 9.20 and a beta of 0.32.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Tuesday, May 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Intuitive Machines had a negative net margin of 19.48% and a negative return on equity of 2.04%. The company had revenue of $73.07 million for the quarter, compared to the consensus estimate of $45.00 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. On average, research analysts forecast that Intuitive Machines will post -0.05 EPS for the current year.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.