BlackSky Technology Inc. (NYSE:BKSY – Get Rating ) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,930,000 shares, an increase of 18.4% from the August 31st total of 1,630,000 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily volume of 1,400,000 shares, the days to coverage ratio is currently 1.4 days.
Institutional inflows and outflows
Several institutional investors have recently bought and sold shares of BKSY. Samlyn Capital LLC boosted its position in shares of BlackSky Technology by 10.6% in the second quarter. Samlyn Capital LLC now owns 1,309,397 shares of the company’s stock valued at $3,025,000 after purchasing an additional 125,433 shares in the last quarter. LPL Financial LLC purchased a new stake in shares of BlackSky Technology during the second quarter valued at approximately $37,000. Apis Capital Advisors LLC purchased a new stake in shares of BlackSky Technology during the second quarter valued at approximately $232,000. Keybank National Association OH purchased a new stake in shares of BlackSky Technology in the second quarter valued at approximately $38,000. Finally, LA Financiere DE L Echiquier grew its position in shares of BlackSky Technology by 35.3% in the second quarter. LA Financiere DE L Echiquier now owns 273,009 shares of the company’s stock valued at $631,000 after buying an additional 71,209 shares in the last quarter. 14.26% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street analysts forecast growth
Separately, Lake Street Capital initiated coverage on BlackSky Technology in a research report on Tuesday, July 26th. They set a “buy” rating and a $6.00 target price for the company.
Price presentation of BlackSky technology
Shares of BKSY traded down $0.02 during trading on Friday, reaching $1.50. 762,775 shares of the company traded hands, compared to its average volume of 772,730. The stock’s 50-day simple moving average is $2.11 and the 200-day simple moving average is $2.02. The company has a quick ratio of 5.37, a current ratio of 5.37 and a debt-to-equity ratio of 0.50. BlackSky Technology has a 1 year low of $1.00 and a 1 year high of $11.48.
About BlackSky technology
BlackSky Technology Inc provides geospatial intelligence, imaging and related analytical products and services, as well as mission systems, which include the development, integration and operation of satellite and ground systems for commercial and government customers worldwide. The company processes a range of observations from its constellation, as well as various space, IoT and ground-based sensors and data feeds.
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