XTI Aerospace, Inc. (NASDAQ:XTIA) Short Interest Update

XTI Aerospace, Inc. (NASDAQ:XTIA) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 742,900 shares, an increase of 37.5% from the September 30th total of 540,200 shares. Based on an average daily trading volume, of 1,660,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.2% of the company’s stock are sold short.

Institutional Trading of XTI Aerospace

An institutional investor recently bought a new position in XTI Aerospace stock. Ursa Fund Management LLC acquired a new position in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,980 shares of the technology company’s stock, valued at approximately $38,000. XTI Aerospace makes up about 0.1% of Ursa Fund Management LLC’s portfolio, making the stock its 16th biggest holding. Ursa Fund Management LLC owned approximately 0.22% of XTI Aerospace as of its most recent filing with the SEC. 11.70% of the stock is owned by institutional investors.

XTI Aerospace Stock Performance

Shares of NASDAQ:XTIA opened at $0.09 on Friday. XTI Aerospace has a fifty-two week low of $0.08 and a fifty-two week high of $11.50. The firm’s 50 day moving average price is $0.19 and its 200 day moving average price is $0.75. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 0.02.

XTI Aerospace (NASDAQ:XTIA) last announced its quarterly earnings data on Wednesday, August 14th. The technology company reported ($1.05) EPS for the quarter. The firm had revenue of $1.03 million during the quarter. XTI Aerospace had a negative net margin of 982.73% and a negative return on equity of 809.13%.

XTI Aerospace Company Profile

XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.