Momentus Inc. (NASDAQ:MNTS) Short Interest Update

Momentus Inc. (NASDAQ:MNTS) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 436,000 shares, an increase of 133.5% from the January 31st total of 186,700 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 13.9% of the shares of the company are sold short.

Momentus Stock Down 7.0 %

Shares of MNTS stock traded down $0.20 on Friday, reaching $2.65. The stock had a trading volume of 304,987 shares, compared to its average volume of 1,538,995. Momentus has a 12 month low of $2.40 and a 12 month high of $28.56. The firm’s 50-day moving average is $5.96 and its two-hundred day moving average is $7.45.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Momentus stock. JPMorgan Chase & Co. raised its stake in Momentus Inc. (NASDAQ:MNTS) by 165,960.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,303 shares of the company’s stock after buying an additional 8,298 shares during the period. JPMorgan Chase & Co. owned 0.30% of Momentus worth $66,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.24% of the company’s stock.

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.