XTI Aerospace, Inc. (NASDAQ:XTIA) Short Interest Down 14.8% in April

XTI Aerospace, Inc. (NASDAQ:XTIA) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 618,600 shares, a drop of 14.8% from the March 31st total of 726,200 shares. Based on an average trading volume of 312,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 11.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On XTI Aerospace

A hedge fund recently raised its stake in XTI Aerospace stock. Geode Capital Management LLC lifted its position in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 351.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 801,211 shares of the technology company’s stock after purchasing an additional 623,575 shares during the quarter. Geode Capital Management LLC owned about 43.31% of XTI Aerospace worth $34,000 as of its most recent filing with the Securities & Exchange Commission. 11.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded XTI Aerospace to a “strong-buy” rating in a report on Friday, January 31st.

XTI Aerospace Price Performance

XTI Aerospace stock opened at $1.31 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $1.87 and a 200-day moving average of $7.70. XTI Aerospace has a 1-year low of $0.96 and a 1-year high of $530.00.

XTI Aerospace Company Profile

XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.