Momentus Inc. (NASDAQ:MNTSW) Sees Significant Decrease in Short Interest

Momentus Inc. (NASDAQ:MNTSW) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 123,756 shares, a drop of 26.9% from the December 15th total of 169,184 shares. Based on an average daily volume of 229,548 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 229,548 shares, the days-to-cover ratio is currently 0.5 days.

Momentus Stock Up 19.2%

Shares of MNTSW traded up $0.00 during midday trading on Monday, reaching $0.02. The stock had a trading volume of 307,851 shares, compared to its average volume of 706,814. The firm’s 50 day moving average price is $0.02 and its 200-day moving average price is $0.03. Momentus has a 52 week low of $0.01 and a 52 week high of $0.10.

Momentus Company Profile

Momentus, trading on the Nasdaq under the symbol MNTSW, is a U.S.-based provider of in-space transportation and logistics services. Headquartered in Santa Clara, California, the company develops and operates orbital “space tugs” designed to carry small satellites to their final deployment orbits. Momentus’s core offering, its Vigoride vehicle, leverages proprietary water-plasma propulsion technology to deliver customer payloads with precision, enabling what the industry refers to as “last-mile” satellite delivery.

Momentus offers a suite of mission services that extend beyond simple orbital transfers.