Redwire Co. (NYSE:RDW) Short Interest Down 18.2% in February

Redwire Co. (NYSE:RDW - Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,640,000 shares, a decrease of 18.2% from the February 13th total of 4,450,000 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is presently 2.0 days. Currently, 16.1% of the company's stock are short sold.

Redwire Trading Up 1.0 %

NYSE:RDW traded up $0.12 during mid-day trading on Friday, hitting $11.41. 1,283,820 shares of the company's stock traded hands, compared to its average volume of 834,209. The firm has a 50 day moving average of $17.37 and a two-hundred day moving average of $12.83. Redwire has a 12 month low of $3.39 and a 12 month high of $26.66. The firm has a market capitalization of $758.90 million, a price-to-earnings ratio of -9.43 and a beta of 2.33.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RDW. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a report on Tuesday, March 11th. Cantor Fitzgerald reissued an "overweight" rating and set a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. B. Riley lowered their price objective on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Finally, HC Wainwright reissued a "buy" rating and set a $26.00 price objective on shares of Redwire in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Redwire has an average rating of "Moderate Buy" and an average target price of $17.71.

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Insiders Place Their Bets

In other Redwire news, major shareholder Park Lp Genesis II sold 89,870 shares of the company's stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $16.99, for a total value of $1,526,891.30. Following the transaction, the insider now directly owns 4,603,427 shares of the company's stock, valued at $78,212,224.73. This represents a 1.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 684,454 shares of company stock valued at $13,682,993 in the last three months. Insiders own 2.60% of the company's stock.

Institutional Trading of Redwire

Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in Redwire during the 4th quarter valued at approximately $587,000. Squarepoint Ops LLC bought a new stake in Redwire during the 4th quarter valued at approximately $489,000. Two Sigma Advisers LP bought a new stake in shares of Redwire in the 4th quarter worth approximately $339,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Redwire by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company's stock worth $212,000 after acquiring an additional 532 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Redwire in the 4th quarter worth approximately $4,830,000. Institutional investors own 8.10% of the company's stock.

About Redwire

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.