Momentus Inc. (NASDAQ:MNTS) Short Interest Update

Momentus Inc. (NASDAQ:MNTS) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 383,000 shares, an increase of 48.1% from the February 28th total of 258,600 shares. Approximately 12.1% of the company’s stock are sold short. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Momentus stock. JPMorgan Chase & Co. grew its stake in shares of Momentus Inc. (NASDAQ:MNTS) by 165,960.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,303 shares of the company’s stock after purchasing an additional 8,298 shares during the quarter. JPMorgan Chase & Co. owned about 0.30% of Momentus worth $66,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.24% of the company’s stock.

Momentus Stock Down 7.6 %

Shares of MNTS stock traded down $0.16 on Friday, hitting $1.95. 161,337 shares of the stock were exchanged, compared to its average volume of 663,992. Momentus has a fifty-two week low of $1.56 and a fifty-two week high of $28.56. The business has a 50-day moving average of $3.65 and a 200 day moving average of $6.29.

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.