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

Sidus Space, Inc. (NASDAQ:SIDU) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 926,300 shares, a decline of 20.1% from the February 13th total of 1,160,000 shares. Based on an average daily volume of 8,130,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 10.9% of the company’s stock are short sold.

Institutional Trading of Sidus Space

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of Sidus Space by 747.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,620 shares of the company’s stock worth $28,000 after purchasing an additional 4,957 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Sidus Space in the 4th quarter worth approximately $51,000. XTX Topco Ltd bought a new stake in shares of Sidus Space in the 4th quarter worth approximately $58,000. Millennium Management LLC bought a new stake in shares of Sidus Space in the 4th quarter worth approximately $89,000. Finally, Northern Trust Corp bought a new stake in shares of Sidus Space in the 4th quarter worth approximately $111,000. 17.91% of the stock is owned by institutional investors.

Sidus Space Price Performance

Shares of SIDU opened at $1.97 on Monday. The business’s 50 day moving average price is $2.41 and its 200-day moving average price is $2.55. Sidus Space has a 52 week low of $1.15 and a 52 week high of $7.65.

About Sidus Space

Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.