Terran Orbital Co. (NYSE:LLAP) Sees Large Growth in Short Interest

Terran Orbital Co. (NYSE:LLAP - Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 15,910,000 shares, a growth of 26.5% from the May 31st total of 12,580,000 shares. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 10.5% of the shares of the company are sold short.

Terran Orbital Stock Performance

NYSE LLAP traded up $0.04 during trading hours on Friday, hitting $0.82. The company had a trading volume of 11,964,140 shares, compared to its average volume of 4,581,915. Terran Orbital has a 52 week low of $0.62 and a 52 week high of $1.84. The firm has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $1.04. The firm has a market capitalization of $165.68 million, a price-to-earnings ratio of -1.02 and a beta of 2.08.

Terran Orbital (NYSE:LLAP - Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $27.24 million during the quarter, compared to analysts' expectations of $41.67 million. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. On average, research analysts forecast that Terran Orbital will post -0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LLAP. Stifel Nicolaus reiterated a "buy" rating and set a $7.00 price target on shares of Terran Orbital in a research note on Wednesday, May 15th. HC Wainwright restated a "buy" rating and issued a $3.00 target price on shares of Terran Orbital in a research note on Wednesday, May 15th. Finally, B. Riley cut their target price on Terran Orbital from $1.35 to $1.00 and set a "neutral" rating for the company in a research note on Monday, March 4th.

Hedge Funds Weigh In On Terran Orbital

A number of large investors have recently bought and sold shares of the stock. Armistice Capital LLC increased its stake in Terran Orbital by 13.3% in the 3rd quarter. Armistice Capital LLC now owns 17,364,285 shares of the company's stock worth $14,454,000 after purchasing an additional 2,039,285 shares during the period. Vanguard Group Inc. grew its position in shares of Terran Orbital by 63.6% in the 1st quarter. Vanguard Group Inc. now owns 7,298,862 shares of the company's stock worth $9,562,000 after buying an additional 2,837,638 shares during the last quarter. Capstone Capital Wealth Advisors bought a new stake in shares of Terran Orbital in the 4th quarter worth approximately $6,677,000. Legacy Capital Group California Inc. bought a new stake in shares of Terran Orbital in the 1st quarter worth approximately $754,000. Finally, Register Financial Advisors LLC boosted its position in shares of Terran Orbital by 16.1% during the fourth quarter. Register Financial Advisors LLC now owns 293,800 shares of the company's stock valued at $335,000 after purchasing an additional 40,800 shares in the last quarter. 85.03% of the stock is owned by hedge funds and other institutional investors.

Terran Orbital Company Profile

Terran Orbital Corporation manufactures and sells satellites for aerospace and defense industries in the United States and internationally. The company offers end-to-end satellite solutions. It engages in the integrated design, manufacture, and assembly of satellites; and management, operation, and provision of information from satellites that are on-orbit on behalf of its customers from its in-house mission operations centers and integrated international ground communications network using its proprietary software both on the satellite and throughout its ground infrastructure.