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

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

XTI Aerospace Stock Down 12.1 %

NASDAQ:XTIA opened at $6.04 on Wednesday. The firm has a 50-day moving average of $11.67 and a two-hundred day moving average of $39.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.54. XTI Aerospace has a 1-year low of $3.85 and a 1-year high of $1,997.50.

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.