Short Interest in Momentus Inc. (NASDAQ:MNTSW) Grows By 25.5%

by · The Markets Daily

Momentus Inc. (NASDAQ:MNTSW – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 169,184 shares, a growth of 25.5% from the November 30th total of 134,791 shares. Based on an average daily trading volume, of 261,850 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 261,850 shares, the short-interest ratio is currently 0.6 days.

Momentus Stock Performance

Shares of NASDAQ MNTSW opened at $0.02 on Wednesday. Momentus has a 12-month low of $0.01 and a 12-month high of $0.19. The firm’s 50-day moving average price is $0.03 and its 200-day moving average price is $0.03.

Momentus (NASDAQ:MNTSW – Get Free Report) last issued its quarterly earnings data on Wednesday, August 10th. The company reported ($0.15) earnings per share for the quarter.

Momentus Company Profile

(Get Free Report)

Momentus, trading on the Nasdaq under the symbol MNTSW, is a U.S.-based provider of in-space transportation and logistics services. Headquartered in Santa Clara, California, the company develops and operates orbital “space tugs” designed to carry small satellites to their final deployment orbits. Momentus’s core offering, its Vigoride vehicle, leverages proprietary water-plasma propulsion technology to deliver customer payloads with precision, enabling what the industry refers to as “last-mile” satellite delivery.

Momentus offers a suite of mission services that extend beyond simple orbital transfers.

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