Firefly Aerospace, Inc. (NASDAQ:FLY) Short Interest Update

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 6,422,012 shares, a growth of 18.4% from the February 12th total of 5,423,391 shares. Based on an average daily volume of 2,344,174 shares, the short-interest ratio is presently 2.7 days. Currently, 4.0% of the company’s stock are sold short. Currently, 4.0% of the company’s stock are sold short. Based on an average daily volume of 2,344,174 shares, the short-interest ratio is presently 2.7 days.

Institutional Trading of Firefly Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of FLY. Rockefeller Capital Management L.P. acquired a new position in Firefly Aerospace in the 4th quarter valued at about $136,000. Caitong International Asset Management Co. Ltd lifted its position in Firefly Aerospace by 140.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 28,689 shares of the company’s stock worth $642,000 after acquiring an additional 16,745 shares during the last quarter. Virtu Financial LLC boosted its holdings in shares of Firefly Aerospace by 104.0% during the fourth quarter. Virtu Financial LLC now owns 14,824 shares of the company’s stock worth $332,000 after acquiring an additional 7,556 shares during the period. Invesco Ltd. acquired a new position in shares of Firefly Aerospace in the fourth quarter valued at approximately $11,607,000. Finally, VARCOV Co. bought a new position in shares of Firefly Aerospace during the fourth quarter worth approximately $262,000.

Firefly Aerospace Trading Down 3.5%

FLY stock opened at $23.72 on Wednesday. Firefly Aerospace has a one year low of $16.00 and a one year high of $73.80. The stock has a market cap of $3.78 billion and a price-to-earnings ratio of -3.34. The company has a fifty day moving average price of $24.29 and a two-hundred day moving average price of $26.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.20 and a quick ratio of 6.20.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FLY. UBS Group set a $33.00 price target on Firefly Aerospace in a research report on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Monday, December 29th. KeyCorp initiated coverage on shares of Firefly Aerospace in a report on Thursday, December 18th. They set a “sector weight” rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, Morgan Stanley reissued a “positive” rating on shares of Firefly Aerospace in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.88.

About Firefly Aerospace

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.