Momentus Inc. (NASDAQ:MNTS) Short Interest Update

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

Momentus Price Performance

Shares of MNTS traded down $0.20 during mid-day trading on Friday, reaching $2.65. The company’s stock had a trading volume of 304,987 shares, compared to its average volume of 1,538,995. Momentus has a 1 year low of $2.40 and a 1 year high of $28.56. The business has a fifty day moving average of $5.96 and a 200 day moving average of $7.45.

Institutional Trading of Momentus

A hedge fund recently raised its stake in Momentus stock. JPMorgan Chase & Co. raised its stake in shares of Momentus Inc. (NASDAQ:MNTS) by 165,960.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 0.30% of Momentus worth $66,000 as of its most recent filing with the Securities and Exchange Commission. 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.