Momentus Inc. (NASDAQ:MNTS) Short Interest Up 38.1% in January

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

Momentus Price Performance

Shares of NASDAQ MNTS opened at $5.83 on Friday. Momentus has a 1-year low of $4.50 and a 1-year high of $28.56. The business’s 50 day moving average is $7.39 and its two-hundred day moving average is $7.99.

Momentus Company Profile

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.