Black Sky Technology Corporation (NYSE:BKSY) Short Interest Update

Black Sky Technology Corp. (NYSE:BKSY – Get Rating ) was the recipient of a sharp increase in short interest in October. As of October 31, short interest totaled 1.71 million shares, an increase of 17.1% from 1.46 million shares on October 15. Based on an average volume of 806,300 shares, the current short interest rate is 2.1 days. About 2.8% of the company’s shares are short-sold.

BlackSky Technology shares rose 4.2%

BKSY opened at $1.72 on the New York Stock Exchange on Monday. The stock has a 50-day moving average of $1.67 and a 200-day moving average of $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 had a 52-week low of $1.00 and a 52-week high of $10.39.

Institutional inflows and outflows

Institutional investors have recently changed their positions in stocks. Advisory Group Holdings Inc. increased its stake in BlackSky Technology by 163.4% in the first quarter. Advisory Group Holdings now owns 17,320 shares of the company worth $33,000 after purchasing an additional 10,745 shares last quarter. Vista Private Wealth Partners. LLC purchased a new stake in BlackSky Technology in the second quarter, valued at approximately $29,000. Valeo Financial Advisors LLC purchased a new stake in BlackSky Technology in the second quarter, valued at approximately $33,000. LPL Financial LLC purchased a new stake in BlackSky Technology in the second quarter, valued at approximately $37,000. Finally, Keybank National Association OH purchased a new stake in BlackSky Technology in the second quarter, valued at approximately $38,000. Institutional investors own 14.26% of the company.

Analyst Rating Changes

BKSY has been the subject of many research analyst reports. Credit Suisse Group began coverage on BlackSky Technology in a report on Tuesday, October 11th. They set an “outperform” rating and a $3.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on BlackSky Technology in a report on Monday, November 7th. They set a “buy” rating and a $3.00 price target on the stock. Finally, Lake Street Capital began coverage on BlackSky Technology in a report on Tuesday, July 26th. They have a “buy” rating and a $6.00 price target on the stock.

About Black Sky Technology

(get rating)

BlackSky Technology Inc provides geospatial intelligence, imagery and related data analysis products and services, and mission systems, including the development, integration and operation 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 space, IoT and terrestrial sensors and data feeds.

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