BlackSky Technology Inc. (NYSE:BKSY – Get Rating) saw a significant spike in short interest in October. As of October 31, there was short interest totaling 1,710,000 shares, an increase of 17.1% from the October 15 total of 1,460,000 shares. Based on an average trading volume of 806,300 shares, the short interest ratio is currently 2.1 days. About 2.8% of the company’s shares are sold short.
BlackSky Technology Trading up 4.2%
NYSE BKSY opened at $1.72 on Monday. The stock’s 50-day moving average price is $1.67 and its 200-day moving average price is $1.97. The company has a quick ratio of 5.37, a current ratio of 5.37 and a debt to equity ratio of 0.50. BlackSky Technology has a 52-week low of $1.00 and a 52-week high of $10.39.
Institutional inflows and outflows
Institutional investors recently changed their positions in the stock. Advisor Group Holdings Inc. increased its position in shares of BlackSky Technology by 163.4% in the first quarter. Advisor Group Holdings Inc. now owns 17,320 shares of the company’s stock valued at $33,000 after purchasing an additional 10,745 shares last quarter. Vista Private Wealth Partners. LLC acquired a new interest in BlackSky Technology stock valued at approximately $29,000 during the second quarter. Valeo Financial Advisors LLC acquired a new interest in shares of BlackSky Technology valued at approximately $33,000 during the second quarter. LPL Financial LLC acquired a new interest in BlackSky Technology stock valued at approximately $37,000 during the second quarter. Finally, Keybank National Association OH acquired a new stake in BlackSky Technology stock valued at approximately $38,000 during the second quarter. Institutional investors own 14.26% of the company’s shares.
Changes in analyst ratings
BKSY has been the subject of a number of research analyst reports. Credit Suisse Group reported on BlackSky Technology in a report on Tuesday, October 11. They set an “outperform” rating and a price target of $3.00 on the stock. Deutsche Bank Aktiengesellschaft began reporting on BlackSky Technology in a report on Monday, November 7th. They assigned a “buy” rating and a price target of $3.00 on the stock. Finally, Lake Street Capital reported on BlackSky Technology in a report on Tuesday, July 26th. They issued a “buy” rating and a price target of $6.00 on the stock.
About BlackSky technology
BlackSky Technology Inc provides geospatial information, imagery and related data analytics products and services and mission systems, which includes the development, integration and operations of satellite and ground systems, to commercial and government customers worldwide. The company processes a range of observations from its constellation, as well as various sensors and data feeds from space, the Internet of Things and Earth.
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