Short Interest in XTI Aerospace, Inc. (NASDAQ:XTIA) Decreases By 98.8%

XTI Aerospace, Inc. (NASDAQ:XTIA) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 101,300 shares, a decrease of 98.8% from the December 15th total of 8,170,000 shares. Based on an average daily volume of 725,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 10.7% of the company’s shares are sold short.

XTI Aerospace Trading Down 12.1 %

NASDAQ XTIA opened at $6.04 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.54 and a current ratio of 0.66. XTI Aerospace has a one year low of $3.85 and a one year high of $1,997.50. The company’s 50 day moving average price is $11.67 and its 200 day moving average price is $39.86.

About XTI Aerospace

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.