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

Momentus Inc. (NASDAQ:MNTSW) saw a large drop in short interest in the month of 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 trading volume of 229,548 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 229,548 shares, the days-to-cover ratio is currently 0.5 days.

Momentus Trading Up 19.2%

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

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.