Redwire Co. (NYSE:RDW) Sees Large Decrease in Short Interest

Redwire Co. (NYSE:RDW - Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 4,450,000 shares, a decline of 20.3% from the January 31st total of 5,580,000 shares. Based on an average trading volume of 1,630,000 shares, the short-interest ratio is presently 2.7 days. Currently, 17.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

RDW has been the subject of a number of recent analyst reports. HC Wainwright raised their price objective on shares of Redwire from $18.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. B. Riley raised Redwire from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $9.50 to $27.00 in a research note on Monday, January 27th. Roth Mkm upped their price objective on shares of Redwire from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald started coverage on shares of Redwire in a research note on Friday, January 24th. They issued an "overweight" rating and a $28.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $18.04.

Redwire Stock Down 12.4 %

Shares of NYSE:RDW traded down $1.74 on Thursday, reaching $12.38. The company had a trading volume of 2,281,215 shares, compared to its average volume of 759,099. The stock has a market capitalization of $823.51 million, a P/E ratio of -10.23 and a beta of 2.23. The stock has a 50-day moving average price of $18.78 and a 200 day moving average price of $12.51. Redwire has a twelve month low of $2.98 and a twelve month high of $26.66.

Insider Buying and Selling

In other Redwire news, major shareholder Park Lp Genesis II sold 10,115 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the completion of the sale, the insider now directly owns 3,644,566 shares of the company's stock, valued at approximately $87,870,486.26. This represents a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 684,454 shares of company stock valued at $13,682,993 over the last three months. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Redwire

A number of large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Redwire by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company's stock worth $212,000 after buying an additional 532 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Redwire by 7.8% in the fourth quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company's stock worth $179,000 after purchasing an additional 782 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Redwire by 64.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock worth $39,000 after purchasing an additional 931 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Redwire by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock valued at $72,000 after buying an additional 1,372 shares during the last quarter. Finally, Quarry LP bought a new position in Redwire in the 4th quarter worth approximately $33,000. Institutional investors own 8.10% of the company's stock.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.