Short Interest in Momentus Inc. (NASDAQ:MNTS) Expands By 38.1%

Momentus Inc. (NASDAQ:MNTS) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 212,900 shares, an increase of 38.1% from the December 15th total of 154,200 shares. Based on an average daily volume of 833,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 9.5% of the company’s stock are sold short.

Momentus Stock Performance

MNTS traded down $0.25 during trading hours on Friday, hitting $6.64. 59,429 shares of the company’s stock were exchanged, compared to its average volume of 456,334. Momentus has a 1-year low of $4.50 and a 1-year high of $28.56. The stock’s 50-day moving average is $7.77 and its two-hundred day moving average is $8.05.

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

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.