Momentus Inc. (NASDAQ:MNTS) Short Interest Update

Momentus Inc. (NASDAQ:MNTS) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 186,700 shares, an increase of 116.3% from the January 15th total of 86,300 shares. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 7.1% of the shares of the company are sold short.

Institutional Trading of Momentus

A hedge fund recently raised its stake in Momentus stock. JPMorgan Chase & Co. boosted its position in Momentus Inc. (NASDAQ:MNTS) by 165,960.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,303 shares of the company’s stock after purchasing an additional 8,298 shares during the period. JPMorgan Chase & Co. owned 0.30% of Momentus worth $66,000 at the end of the most recent quarter. 9.24% of the stock is currently owned by hedge funds and other institutional investors.

Momentus Stock Performance

NASDAQ MNTS traded up $0.12 on Thursday, reaching $3.58. The stock had a trading volume of 1,054,849 shares, compared to its average volume of 1,965,850. The firm has a fifty day moving average of $6.82 and a two-hundred day moving average of $7.79. Momentus has a 1-year low of $3.30 and a 1-year high of $28.56.

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.