Momentus Inc. (NASDAQ:MNTSW – Get Free Report) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 117,829 shares, a decrease of 17.5% from the February 26th total of 142,779 shares. Based on an average daily volume of 84,399 shares, the days-to-cover ratio is presently 1.4 days.
Momentus Trading Up 20.0%
Shares of NASDAQ MNTSW traded up $0.00 during midday trading on Tuesday, reaching $0.02. The company had a trading volume of 38,213 shares, compared to its average volume of 243,648. Momentus has a 1 year low of $0.01 and a 1 year high of $0.10. The business’s 50-day simple moving average is $0.02 and its 200 day simple moving average is $0.02.
About Momentus
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.
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