Momentus Inc. (NASDAQ:MNTSW) Sees Large Increase in Short Interest

Momentus Inc. (NASDAQ:MNTSW) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 149,500 shares, an increase of 674.6% from the December 31st total of 19,300 shares. Based on an average daily volume of 259,900 shares, the short-interest ratio is presently 0.6 days.

Momentus Price Performance

Shares of MNTSW stock traded up $0.00 during mid-day trading on Tuesday, hitting $0.07. The stock had a trading volume of 75,580 shares, compared to its average volume of 122,064. Momentus has a 12-month low of $0.00 and a 12-month high of $0.19. The firm’s 50-day moving average is $0.04 and its two-hundred day moving average is $0.02.

About Momentus

Momentus Inc operates as a commercial space company. The company offers satellites, satellite buses, and other satellite technologies; and in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators.