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Short interest in BlackSky Technology Inc. (NYSE:BKSY) is up 18.4%

BlackSky Technology Inc. (NYSE:BKSY – Get Rating) posted a significant increase in short selling rates in September. As of Sept. 15, there were a total of 1.93 million shares shorted, an increase of 18.4% from the Aug. 31 total of 1.63 million shares. About 3.2% of the company’s shares have been sold short. Based on an average daily trading volume of 1,400,000 shares, the days coverage ratio is now 1.4 days.

institution inflow and outflow

Several institutional investors have recently bought and sold shares of BKSY. Samlyn Capital LLC increased his BlackSky Technology stock position by 10.6% in the second quarter. Samlyn Capital LLC now owns 1,309,397 shares worth $3,025,000 after purchasing an additional 125,433 of his shares last quarter. LPL Financial LLC purchased a new stake in his BlackSky Technology worth approximately $37,000 in the second quarter. Apis Capital Advisors LLC purchased new shares in BlackSky Technology worth approximately $232,000 in the second quarter. Keybank National Association OH purchased new shares in BlackSky Technology worth approximately $38,000 in the second quarter. Finally, LA Financiere DE L Echiquier increased his BlackSky Technology stock position by 35.3% in the second quarter. LA Financiere DE L Echiquier now owns 273,009 shares of the company worth $631,000 after he purchased an additional 71,209 shares last quarter. 14.26% of the shares are currently owned by hedge funds and other institutional investors.

Wall Street Analyst Predicts Growth

Separately, Lake Street Capital began covering BlackSky technology in a research report on Tuesday, July 26th. They set a “buy” rating and set a company price target of $6.00.

Price performance of BlackSky technology

BKSY shares fell $0.02 in Friday trading to reach $1.50. 762,775 shares of the company were traded, with an average trading volume of 772,730 shares. The stock has a 50-day simple moving average of $2.11 and a 200-day simple moving average of $2.02. 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’s one-year low is $1.00 and one-year high is $11.48.

About BlackSky Technology

(get rating)

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analytics products and services, and mission systems including satellite and ground systems development, integration and operations to commercial and government customers worldwide. The company processes a wide variety of observations from constellations, various universes, the Internet of Things, and ground-based sensors and data feeds.

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