Momentus Inc. (NASDAQ:MNTS) Sees Significant Increase in Short Interest

Momentus Inc. (NASDAQ:MNTS) saw a large increase in short interest during 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 trading volume, of 1,070,000 shares, the short-interest ratio is presently 0.4 days. Approximately 13.9% of the shares of the stock are short sold.

Momentus Trading Down 7.0 %

MNTS stock opened at $2.65 on Friday. Momentus has a 12-month low of $2.40 and a 12-month high of $28.56. The business’s 50-day moving average is $5.96 and its 200 day moving average is $7.45.

Institutional Investors Weigh In On Momentus

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

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.