HawkEye 360, Inc. (NYSE:HAWK) Short Interest Update

HawkEye 360, Inc. (NYSE:HAWK) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,046,600 shares, a growth of 61.3% from the May 14th total of 1,268,837 shares. Based on an average trading volume of 772,943 shares, the short-interest ratio is presently 2.6 days. Currently, 2.2% of the company’s shares are sold short.

Insider Buying and Selling

In other HawkEye 360 news, Director Francis Alphonse Finelli bought 9,615 shares of the stock in a transaction on Friday, May 8th. The stock was purchased at an average price of $26.00 per share, with a total value of $249,990.00. Following the acquisition, the director owned 9,615 shares of the company’s stock, valued at approximately $249,990. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.80% of the company’s stock.

HawkEye 360 Price Performance

Shares of HAWK stock opened at $24.75 on Thursday. HawkEye 360 has a 12-month low of $23.07 and a 12-month high of $35.73. The firm has a market capitalization of $2.30 billion, a PE ratio of -11.46 and a beta of 0.72.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America assumed coverage on shares of HawkEye 360 in a report on Monday, June 1st. They set a “neutral” rating and a $34.00 target price for the company. Morgan Stanley assumed coverage on shares of HawkEye 360 in a report on Monday, June 1st. They set an “overweight” rating and a $41.00 target price for the company. Wall Street Zen lowered shares of HawkEye 360 from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. William Blair began coverage on shares of HawkEye 360 in a report on Monday, June 1st. They issued an “outperform” rating for the company. Finally, UBS Group set a $42.00 price target on shares of HawkEye 360 in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, HawkEye 360 currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

About HawkEye 360

HawkEye 360 is a U.S.-based geospatial intelligence company that operates a commercial satellite constellation and analytics platform focused on radio frequency (RF) data. The company collects and geolocates RF emissions from space using clusters of small satellites, turning raw signal detections into actionable datasets and insights. Its technology is designed to reveal signal sources and patterns that are difficult or impossible to observe with conventional remote sensing systems.

HawkEye 360 offers subscription access to geospatial RF datasets, on-demand tasking, and analytic services delivered through cloud-based tools and APIs.