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

Momentus Inc. (NASDAQ:MNTSW) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 120,000 shares, a decrease of 17.0% from the January 31st total of 144,500 shares. Based on an average daily volume of 164,800 shares, the days-to-cover ratio is currently 0.7 days.

Momentus Stock Down 5.1 %

MNTSW stock traded down $0.00 during midday trading on Wednesday, hitting $0.03. 17,245 shares of the stock traded hands, compared to its average volume of 84,499. Momentus has a 1-year low of $0.01 and a 1-year high of $0.19. The stock’s fifty day simple moving average is $0.06 and its 200-day simple moving average is $0.03.

About Momentus

Momentus Inc operates as a commercial space company. The company offers satellites, satellite buses, and other satellite technologies; and in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators.