Short Interest in XTI Aerospace, Inc. (NASDAQ:XTIA) Increases By 37.5%

XTI Aerospace, Inc. (NASDAQ:XTIA) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 742,900 shares, a growth of 37.5% from the September 30th total of 540,200 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,660,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in XTI Aerospace stock. Ursa Fund Management LLC bought a new stake in XTI Aerospace, Inc. (NASDAQ:XTIA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,980 shares of the technology company’s stock, valued at approximately $38,000. XTI Aerospace accounts for approximately 0.1% of Ursa Fund Management LLC’s portfolio, making the stock its 16th biggest position. Ursa Fund Management LLC owned approximately 0.22% of XTI Aerospace at the end of the most recent quarter. 11.70% of the stock is owned by institutional investors.

XTI Aerospace Trading Down 7.8 %

Shares of XTI Aerospace stock opened at $0.09 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.54 and a current ratio of 0.66. The company has a fifty day simple moving average of $0.19 and a 200-day simple moving average of $0.75. XTI Aerospace has a 12-month low of $0.08 and a 12-month high of $11.50.

XTI Aerospace (NASDAQ:XTIA) last released its quarterly earnings data on Wednesday, August 14th. The technology company reported ($1.05) earnings per share (EPS) for the quarter. The company had revenue of $1.03 million during the quarter. XTI Aerospace had a negative net margin of 982.73% and a negative return on equity of 809.13%.

XTI Aerospace Company Profile

XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.