Momentus Inc. (NASDAQ:MNTS – Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 212,900 shares, a growth of 38.1% from the December 15th total of 154,200 shares. Based on an average daily trading volume, of 833,500 shares, the short-interest ratio is presently 0.3 days. Currently, 9.5% of the company’s shares are sold short.
Momentus Trading Down 3.6 %
Momentus stock opened at $6.64 on Friday. Momentus has a 12-month low of $4.50 and a 12-month high of $28.56. The firm’s fifty day moving average is $7.81 and its 200 day moving average is $8.06.
Momentus (NASDAQ:MNTS – Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The company reported ($9.24) earnings per share for the quarter. The company had revenue of $0.51 million for the quarter. Momentus had a negative net margin of 1,303.93% and a negative return on equity of 1,945.42%.
About Momentus
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.
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