(SIDU) - Analyzing Sidus Space's Short Interest
Portfolio Pulse from Benzinga Insights
Sidus Space (NYSE:SIDU) has seen a 3.53% decrease in its short percent of float, now at 7.66%. This is higher than its peers' average of 4.13%. The decrease in short interest may indicate a shift in market sentiment.
August 23, 2024 | 7:45 pm
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Sidus Space's short interest has decreased by 3.53%, now at 7.66%, which is higher than its peers' average. This could indicate a shift in market sentiment towards the stock.
The decrease in short interest suggests that traders are less bearish on Sidus Space, which could lead to a positive short-term impact on the stock price. The fact that its short interest is still higher than peers indicates that there is still significant bearish sentiment, but the reduction is a positive sign.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100