Momentus Inc. (NASDAQ:MNTS) Sees Significant Decrease in Short Interest

Momentus Inc. (NASDAQ:MNTS) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 154,200 shares, a drop of 73.9% from the November 30th total of 590,800 shares. Currently, 6.9% of the company’s shares are short sold. Based on an average trading volume of 819,000 shares, the days-to-cover ratio is presently 0.2 days.

Momentus Price Performance

Shares of Momentus stock traded up $1.15 during midday trading on Thursday, reaching $8.80. The company had a trading volume of 341,093 shares, compared to its average volume of 420,966. The stock has a fifty day moving average price of $7.82 and a 200 day moving average price of $8.01. Momentus has a fifty-two week low of $4.50 and a fifty-two week high of $28.56.

Momentus (NASDAQ:MNTS) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($9.24) earnings per share for the quarter. The firm had revenue of $0.51 million for the quarter. Momentus had a negative return on equity of 1,945.42% and a negative net margin of 1,303.93%.

About Momentus

Momentus Inc, together with its subsidiaries, operates as a commercial space company. The company focuses on providing in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators. The company is headquartered in San Jose, California.