Momentus Inc. (NASDAQ:MNTS) Short Interest Update

Momentus Inc. (NASDAQ:MNTS) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 203,061 shares, a decline of 13.3% from the January 15th total of 234,199 shares. Approximately 14.6% of the company’s shares are short sold. Based on an average daily trading volume, of 614,419 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 614,419 shares, the short-interest ratio is currently 0.3 days. Approximately 14.6% of the company’s shares are short sold.

Momentus Trading Down 2.9%

MNTS stock traded down $0.17 during trading hours on Tuesday, hitting $5.54. 98,649 shares of the stock traded hands, compared to its average volume of 5,293,004. The stock has a 50-day simple moving average of $8.36 and a 200 day simple moving average of $16.42. The company has a market cap of $7.76 million, a P/E ratio of -0.08 and a beta of 1.04. Momentus has a one year low of $4.73 and a one year high of $69.44.

Momentus (NASDAQ:MNTS) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($19.28) earnings per share (EPS) for the quarter. The company had revenue of $0.23 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen upgraded Momentus from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Momentus in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of Momentus

A hedge fund recently raised its stake in Momentus stock. Armistice Capital LLC increased its position in shares of Momentus Inc. (NASDAQ:MNTS) by 199.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 792,000 shares of the company’s stock after acquiring an additional 527,773 shares during the quarter. Armistice Capital LLC owned about 12.62% of Momentus worth $966,000 as of its most recent SEC filing. Institutional investors own 9.24% of the company’s stock.

About Momentus

Momentus Inc is a space logistics and in-space transportation company that develops and operates orbital transfer vehicles (OTVs) to move satellites and other payloads between orbits. Its core offering, the Vigoride platform, uses a proprietary water plasma propulsion system to provide sustainable, high-efficiency thrust for a range of orbital maneuvers. The company’s solutions are designed to enable flexible deployment and repositioning of satellites after launch, assisting satellite operators in optimizing mission lifespans and orbital slots.

Founded in 2017 and headquartered in Santa Clara, California, Momentus has pursued a path of technology demonstration and commercialization.