Why Space Stocks Virgin Galactic, BlackSky, and AST SpaceMobile Sank on Monday
Unprofitable, speculative space stocks are having a bad day on the stock market.
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Unprofitable, speculative space stocks are having a bad day on the stock market.
Good news lifts space stocks, but it's hard to maintain high share prices while profits remain elusive.
BlackSky Technology Inc. (NYSE:BKSY – Get Rating) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 3,990,000 shares, a decline of 10.3% from the May 15th total of 4,450,000 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 3.6 days. […]
BlackSky Technology Inc. (NYSE:BKSY – Get Rating) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 3,990,000 shares, a drop of 10.3% from the May 15th total of 4,450,000 shares. Based on an average daily volume of 1,120,000 shares, the […]
BlackSky Technology Inc. (NYSE:BKSY – Get Rating) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 3,990,000 shares, a decrease of 10.3% from the May 15th total of 4,450,000 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average daily […]