XTI Aerospace, Inc. (NASDAQ:XTIA) Short Interest Update

XTI Aerospace, Inc. (NASDAQ:XTIA) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 426,900 shares, a drop of 15.3% from the April 30th total of 503,900 shares. Based on an average daily volume of 425,400 shares, the days-to-cover ratio is presently 1.0 days. Currently, 7.2% of the company’s stock are sold short.

XTI Aerospace Stock Up 0.5%

Shares of NASDAQ XTIA opened at $1.91 on Thursday. XTI Aerospace has a 1 year low of $0.96 and a 1 year high of $507.50. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $1.38 and its 200-day simple moving average is $5.14.

XTI Aerospace (NASDAQ:XTIA) last announced its earnings results on Monday, May 19th. The technology company reported ($3.80) earnings per share (EPS) for the quarter. XTI Aerospace had a negative return on equity of 2,142.63% and a negative net margin of 874.43%. The business had revenue of $0.48 million for the quarter.

Institutional Trading of XTI Aerospace

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in XTI Aerospace by 351.0% in the fourth quarter. Geode Capital Management LLC now owns 801,211 shares of the technology company’s stock valued at $34,000 after buying an additional 623,575 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of XTI Aerospace by 5,712.9% in the 4th quarter. Jane Street Group LLC now owns 759,801 shares of the technology company’s stock worth $33,000 after purchasing an additional 746,730 shares during the last quarter. Warberg Asset Management LLC bought a new stake in shares of XTI Aerospace in the 1st quarter worth approximately $27,000. Finally, Anson Funds Management LP bought a new stake in XTI Aerospace during the 1st quarter valued at $358,000. 11.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered XTI Aerospace from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

About XTI Aerospace

XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.