BlackSky Technology Inc. (NYSE:BKSY) Short Interest Update

BlackSky Technology Inc. (NYSE:BKSY - Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,470,000 shares, an increase of 41.1% from the February 28th total of 2,460,000 shares. Approximately 13.5% of the shares of the company are sold short. Based on an average trading volume of 1,610,000 shares, the days-to-cover ratio is currently 2.2 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $17.00 price target on shares of BlackSky Technology in a research report on Friday, March 7th. HC Wainwright reaffirmed a "buy" rating and set a $20.00 target price on shares of BlackSky Technology in a report on Friday, March 7th. Finally, Oppenheimer lifted their price target on shares of BlackSky Technology from $10.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $21.80.

BlackSky Technology Price Performance

NYSE:BKSY traded down $0.75 during mid-day trading on Thursday, reaching $7.32. The stock had a trading volume of 855,091 shares, compared to its average volume of 756,624. The stock has a 50-day simple moving average of $12.83 and a two-hundred day simple moving average of $10.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.68 and a quick ratio of 5.68. BlackSky Technology has a 12 month low of $3.86 and a 12 month high of $21.92. The stock has a market capitalization of $231.45 million, a PE ratio of -3.24 and a beta of 1.27.

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Institutional Trading of BlackSky Technology

Several institutional investors and hedge funds have recently modified their holdings of BKSY. Mithril II GP LP acquired a new position in BlackSky Technology during the fourth quarter worth about $11,116,000. Geode Capital Management LLC grew its holdings in shares of BlackSky Technology by 94.2% during the 4th quarter. Geode Capital Management LLC now owns 551,444 shares of the company's stock valued at $5,951,000 after purchasing an additional 267,427 shares during the last quarter. Invesco Ltd. bought a new stake in shares of BlackSky Technology during the 4th quarter valued at approximately $3,868,000. Trexquant Investment LP increased its position in BlackSky Technology by 2,309.8% during the 4th quarter. Trexquant Investment LP now owns 301,590 shares of the company's stock worth $3,254,000 after purchasing an additional 289,075 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in BlackSky Technology by 89.1% in the 4th quarter. Northern Trust Corp now owns 202,153 shares of the company's stock valued at $2,181,000 after purchasing an additional 95,228 shares during the last quarter. 27.15% of the stock is currently owned by institutional investors.

About BlackSky Technology

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytic products and services, and mission systems that include the development, integration, and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, the Asia Pacific, and internationally.