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

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

Institutional Investors Weigh In On Sidus Space

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased 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 valued at $28,000 after acquiring an additional 4,957 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Sidus Space during the fourth quarter valued at approximately $51,000. XTX Topco Ltd bought a new stake in shares of Sidus Space during the fourth quarter valued at approximately $58,000. Millennium Management LLC bought a new stake in shares of Sidus Space during the fourth quarter valued at approximately $89,000. Finally, Northern Trust Corp bought a new stake in shares of Sidus Space during the fourth quarter valued at approximately $111,000. Institutional investors own 17.91% of the company’s stock.

Sidus Space Price Performance

SIDU traded down $0.17 during trading on Tuesday, hitting $1.75. The company’s stock had a trading volume of 807,974 shares, compared to its average volume of 2,372,145. Sidus Space has a twelve month low of $1.15 and a twelve month high of $7.65. The stock’s fifty day moving average price is $2.39 and its 200-day moving average price is $2.54.

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.