Short Interest in AST SpaceMobile, Inc. (NASDAQ:ASTSW) Increases By 178.8%

AST SpaceMobile, Inc. (NASDAQ:ASTSW) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 66,900 shares, a growth of 178.8% from the July 31st total of 24,000 shares. Based on an average trading volume of 368,100 shares, the short-interest ratio is presently 0.2 days.

AST SpaceMobile Stock Performance

Shares of NASDAQ ASTSW traded up $1.58 during mid-day trading on Thursday, reaching $17.90. 380,945 shares of the company’s stock were exchanged, compared to its average volume of 175,493. AST SpaceMobile has a 52-week low of $0.30 and a 52-week high of $27.62. The company’s 50-day moving average is $9.24 and its 200-day moving average is $3.90.

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.