Short Interest in Sidus Space, Inc. (NASDAQ:SIDU) Increases By 15.7%

Sidus Space, Inc. (NASDAQ:SIDU) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 562,600 shares, a growth of 15.7% from the January 15th total of 486,200 shares. Based on an average daily volume of 8,260,000 shares, the short-interest ratio is currently 0.1 days. Approximately 6.8% of the company’s stock are short sold.

Sidus Space Stock Down 1.1 %

Shares of NASDAQ:SIDU traded down $0.03 during midday trading on Friday, reaching $2.67. The company had a trading volume of 644,694 shares, compared to its average volume of 1,873,191. Sidus Space has a one year low of $1.15 and a one year high of $10.15. The stock’s fifty day moving average price is $3.08 and its 200-day moving average price is $2.65.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of Sidus Space by 747.7% in the fourth 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 position in shares of Sidus Space in the fourth quarter valued at approximately $51,000. XTX Topco Ltd bought a new position in shares of Sidus Space in the fourth quarter valued at approximately $58,000. Northern Trust Corp bought a new position in shares of Sidus Space in the fourth quarter valued at approximately $111,000. Finally, Jane Street Group LLC bought a new position in Sidus Space during the 4th quarter valued at $118,000. 17.91% of the stock is currently owned by institutional investors.

Sidus Space Company Profile

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.