AST SpaceMobile, Inc. (NASDAQ:ASTSW) Sees Large Decrease in Short Interest

AST SpaceMobile, Inc. (NASDAQ:ASTSW) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 8,300 shares, a drop of 50.0% from the May 31st total of 16,600 shares. Based on an average trading volume of 163,500 shares, the short-interest ratio is currently 0.1 days.

AST SpaceMobile Stock Up 2.9 %

ASTSW stock traded up $0.12 during midday trading on Friday, hitting $4.23. The company’s stock had a trading volume of 158,605 shares, compared to its average volume of 97,224. AST SpaceMobile has a 1 year low of $0.30 and a 1 year high of $4.30. The stock’s 50-day moving average price is $1.81 and its 200 day moving average price is $1.19.

About AST SpaceMobile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.