Redwire Co. (NYSE:RDW) Short Interest Update

Redwire Co. (NYSE:RDW - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 4,520,000 shares, a growth of 24.2% from the February 28th total of 3,640,000 shares. Based on an average trading volume of 2,010,000 shares, the short-interest ratio is currently 2.2 days. Currently, 17.7% of the company's stock are short sold.

Insider Buying and Selling

In other Redwire news, major shareholder Park Lp Genesis II sold 10,115 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total transaction of $243,872.65. Following the transaction, the insider now owns 3,644,566 shares of the company's stock, valued at $87,870,486.26. The trade was a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 516,798 shares of company stock worth $10,763,141. Corporate insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Redwire

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Redwire by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company's stock worth $21,573,000 after purchasing an additional 101,620 shares during the period. Barclays PLC lifted its holdings in Redwire by 6.5% in the fourth quarter. Barclays PLC now owns 1,258,366 shares of the company's stock valued at $20,713,000 after buying an additional 77,228 shares during the period. Geode Capital Management LLC boosted its position in Redwire by 6.3% during the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company's stock valued at $3,599,000 after acquiring an additional 30,963 shares during the last quarter. Federated Hermes Inc. grew its holdings in Redwire by 165.7% during the 4th quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock worth $8,202,000 after acquiring an additional 310,769 shares during the period. Finally, State Street Corp raised its position in shares of Redwire by 8.1% in the 3rd quarter. State Street Corp now owns 473,295 shares of the company's stock worth $3,252,000 after acquiring an additional 35,519 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company's stock.

Redwire Trading Down 13.8 %

RDW traded down $1.21 on Friday, reaching $7.52. The stock had a trading volume of 2,897,649 shares, compared to its average volume of 906,771. The firm has a 50-day moving average of $15.81 and a 200-day moving average of $13.11. Redwire has a fifty-two week low of $3.39 and a fifty-two week high of $26.66. The company has a market capitalization of $567.93 million, a price-to-earnings ratio of -6.21 and a beta of 2.51.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RDW. Cantor Fitzgerald restated an "overweight" rating and issued a $28.00 price target on shares of Redwire in a research note on Tuesday, March 11th. Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a report on Tuesday, March 11th. HC Wainwright reissued a "buy" rating and set a $26.00 price target on shares of Redwire in a research report on Wednesday, March 12th. Finally, B. Riley dropped their price objective on Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Redwire has an average rating of "Moderate Buy" and a consensus target price of $17.71.

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.