Spire Global, Inc. (NYSE:SPIR) Short Interest Down 21.0% in November

Spire Global, Inc. (NYSE:SPIR) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 2,300,000 shares, a decrease of 21.0% from the October 31st total of 2,910,000 shares. Currently, 12.5% of the shares of the company are sold short. Based on an average daily trading volume, of 292,700 shares, the short-interest ratio is presently 7.9 days.

Analyst Upgrades and Downgrades

SPIR has been the subject of a number of recent research reports. Raymond James reiterated a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Canaccord Genuity Group increased their target price on shares of Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Baird R W cut shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and increased their target price for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Alliance Global Partners increased their target price on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and an average price target of $19.60.

Spire Global Trading Up 1.1 %

Shares of SPIR traded up $0.17 during trading on Friday, reaching $16.34. 108,848 shares of the company traded hands, compared to its average volume of 414,637. Spire Global has a twelve month low of $4.71 and a twelve month high of $19.40. The stock has a market cap of $397.39 million, a PE ratio of -4.70 and a beta of 1.96. The stock has a 50-day simple moving average of $11.25 and a 200-day simple moving average of $10.56. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling

In related news, CAO Boyd C. Johnson sold 12,373 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $182,749.21. Following the sale, the chief accounting officer now directly owns 311,608 shares of the company’s stock, valued at approximately $4,602,450.16. This represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Peter Platzer sold 50,238 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the sale, the chief executive officer now directly owns 1,891,703 shares in the company, valued at $27,940,453.31. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,481 shares of company stock valued at $1,380,714. Corporate insiders own 17.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its holdings in Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after acquiring an additional 1,700 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in Spire Global during the 1st quarter worth approximately $27,000. Charles Schwab Investment Management Inc. grew its holdings in Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after acquiring an additional 3,072 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Spire Global in the 2nd quarter valued at $37,000. Finally, Quest Partners LLC boosted its holdings in shares of Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.