Firefly Aerospace, Inc. (NASDAQ:FLY) Sees Large Increase in Short Interest

Key Points

• Firefly Aerospace experienced a significant increase in short interest of 83.1% from August to September 2023, with short interest totaling 1,610,000 shares as of September 15th.
• Analysts have mixed opinions on Firefly Aerospace, with one lowering the rating to sell while others have given ratings ranging from Strong Buy to Hold, and an average price target of $53.00.
• Firefly Aerospace's stock opened at $27.37, with a yearly trading range between $26.05 and $73.80.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,610,000 shares, an increase of 83.1% from the August 31st total of 879,200 shares. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is presently 0.7 days. Currently, 3.0% of the shares of the company are sold short. Currently, 3.0% of the shares of the company are sold short. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is presently 0.7 days.

Firefly Aerospace Trading Up 2.1%

Shares of NASDAQ:FLY opened at $27.37 on Friday. Firefly Aerospace has a one year low of $26.05 and a one year high of $73.80.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Firefly Aerospace from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. The Goldman Sachs Group initiated coverage on shares of Firefly Aerospace in a report on Tuesday, September 2nd. They issued a "neutral" rating and a $54.00 price objective for the company. Roth Capital set a $40.00 price objective on shares of Firefly Aerospace in a report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Firefly Aerospace in a report on Tuesday, September 2nd. They issued a "hold" rating and a $45.00 price objective for the company. Finally, Zacks Research raised shares of Firefly Aerospace to a "hold" rating in a report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Firefly Aerospace presently has an average rating of "Moderate Buy" and an average target price of $53.00.

About Firefly Aerospace

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.

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