Short Interest in Momentus Inc. (NASDAQ:MNTS) Decreases By 92.3%

Momentus Inc. (NASDAQ:MNTS) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 255,400 shares, a decline of 92.3% from the May 31st total of 3,330,000 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 2,640,000 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Momentus

An institutional investor recently raised its position in Momentus stock. Virtu Financial LLC grew its position in shares of Momentus Inc. (NASDAQ:MNTS) by 142.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 78,955 shares of the company’s stock after purchasing an additional 46,392 shares during the quarter. Virtu Financial LLC owned 0.66% of Momentus worth $34,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 9.24% of the company’s stock.

Momentus Stock Down 1.9 %

Shares of Momentus stock opened at $0.54 on Friday. The business’s fifty day moving average price is $0.55 and its two-hundred day moving average price is $0.78. Momentus has a 1-year low of $0.35 and a 1-year high of $23.48.

Momentus Company Profile

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.