Short Interest in Redwire Co. (NYSE:RDW) Expands By 21.4%

Redwire Co. (NYSE:RDW - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 6,130,000 shares, a growth of 21.4% from the March 31st total of 5,050,000 shares. Based on an average daily volume of 1,950,000 shares, the short-interest ratio is presently 3.1 days. Approximately 23.6% of the company's shares are short sold.

Insider Activity

In other Redwire news, major shareholder Park Lp Genesis II sold 10,115 shares of Redwire stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the transaction, the insider now directly owns 3,644,566 shares of the company's stock, valued at $87,870,486.26. The trade was a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company's stock.

Institutional Trading of Redwire

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Redwire in the 4th quarter worth approximately $33,000. Summit Investment Advisors Inc. increased its holdings in shares of Redwire by 64.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock valued at $39,000 after buying an additional 931 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Redwire in the first quarter valued at $42,000. FNY Investment Advisers LLC bought a new stake in shares of Redwire during the 1st quarter worth $47,000. Finally, GAMMA Investing LLC grew its holdings in shares of Redwire by 69,077.8% in the 1st quarter. GAMMA Investing LLC now owns 6,226 shares of the company's stock worth $52,000 after acquiring an additional 6,217 shares during the last quarter. Institutional investors own 8.10% of the company's stock.

Redwire Stock Down 3.3 %

Redwire stock traded down $0.38 during trading hours on Tuesday, hitting $11.07. 295,034 shares of the company traded hands, compared to its average volume of 990,524. The firm's 50-day simple moving average is $10.48 and its two-hundred day simple moving average is $13.55. The firm has a market cap of $836.59 million, a P/E ratio of -9.14 and a beta of 2.46. Redwire has a 1-year low of $3.98 and a 1-year high of $26.66.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RDW shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $28.00 price target on shares of Redwire in a research report on Tuesday, March 11th. HC Wainwright reiterated a "buy" rating and issued a $26.00 target price on shares of Redwire in a research note on Wednesday, March 12th. B. Riley reduced their price target on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.71.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.