Earlier this week on Tuesday, space-related companies traded higher, possibly in sympathy with SpaceX‘s rally after ARK Invest bought additional stock during a recent pullback, according to Benzinga Pro.Indiana Microgravity FacilityAlabama Manufacturing FootprintRedwire Stock Short Interest ReportShort interest in Redwire increased during the last reporting period, rising from 37.78 million to 43.05 million. This put 26.2% of the company’s publicly available shares short.Based on the recent average volume of 33.68 million shares traded per day, it would take 1.28 days for holders of this short interest to close out their positions without sending the stock sharply higher.Technical AnalysisThe bigger-picture trend is still heavy: RDW is down 44.83% over the past 12 months, and it’s trading 33.4% below its 50-day SMA ($14.03) and 20.6% below its 100-day SMA ($11.78). Even after Thursday’s pop, the stock remains 8.2% below the 20-day SMA ($10.18) and 7.1% below the 200-day SMA ($10.07), which keeps overhead supply in play on rallies.The moving-average structure is mixed: the 20-day SMA is below the 50-day SMA (bearish near-term), but the 50-day SMA is still above the 200-day SMA after the golden cross in April. That combination often produces choppy "repair work" trading—bounces can happen, but they tend to face resistance until price starts reclaiming longer averages.