Sidus Space, Inc. (NASDAQ:SIDU) Sees Significant Increase in Short Interest

Key Points

• Short interest jumped 64.3% to 8,486,867 shares as of Dec. 31, equal to 25.5% of shares sold short and a short‑interest ratio of 0.1 days (based on average volume of 103,206,664).
• Wall Street's consensus rating is "Sell" after recent downgrades, and Sidus reported a ($0.24) EPS on $1.3M revenue with a -655% net margin and -116% return on equity, indicating weak fundamentals.
• The stock has a market capitalization of roughly $130.8M, a 52‑week range of $0.63–$5.39, and recent price/moving averages near $3.71 with 50‑day/$200‑day averages of $1.76/$1.47.

Sidus Space, Inc. (NASDAQ:SIDU - Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,486,867 shares, an increase of 64.3% from the December 15th total of 5,165,878 shares. Based on an average trading volume of 103,206,664 shares, the short-interest ratio is currently 0.1 days. Currently, 25.5% of the company's shares are sold short. Currently, 25.5% of the company's shares are sold short. Based on an average trading volume of 103,206,664 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

SIDU has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sidus Space in a research report on Wednesday, October 8th. Wall Street Zen cut Sidus Space from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

Sidus Space Price Performance

SIDU stock opened at $3.71 on Friday. The stock has a market capitalization of $130.78 million, a P/E ratio of -2.88 and a beta of -1.64. Sidus Space has a fifty-two week low of $0.63 and a fifty-two week high of $5.39. The business has a 50-day moving average of $1.76 and a 200-day moving average of $1.47.

Sidus Space (NASDAQ:SIDU - Get Free Report) last announced its earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter. The firm had revenue of $1.30 million during the quarter. Sidus Space had a negative net margin of 655.33% and a negative return on equity of 116.44%.

Hedge Funds Weigh In On Sidus Space

Large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Sidus Space by 28.1% in the second quarter. Geode Capital Management LLC now owns 120,799 shares of the company's stock valued at $209,000 after acquiring an additional 26,498 shares during the last quarter. XTX Topco Ltd bought a new position in Sidus Space in the second quarter valued at approximately $168,000. Thompson Davis & CO. Inc. acquired a new position in shares of Sidus Space during the 4th quarter worth approximately $194,000. Jane Street Group LLC acquired a new stake in shares of Sidus Space in the 2nd quarter valued at approximately $95,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Sidus Space in the 4th quarter valued at approximately $118,000. 17.91% of the stock is currently owned by institutional investors and hedge funds.

Sidus Space Company Profile

Sidus Space Inc NASDAQ: SIDU is an end-to-end space-as-a-service company headquartered in Houston, Texas. The firm provides mission design, spacecraft manufacturing, ground segment infrastructure and mission operations through a turnkey approach tailored to commercial and government customers. Sidus leverages its integrated supply chain to support client missions from concept development through data delivery.

The company's product offerings include small satellite buses, flight computers, payload integration services and proprietary ground control software, supplemented by cloud-based data processing and analytics tools.

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