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

XTI Aerospace, Inc. (NASDAQ:XTIA) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 426,900 shares, a decrease of 15.3% from the April 30th total of 503,900 shares. Currently, 7.2% of the shares of the stock are short sold. Based on an average trading volume of 425,400 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered XTI Aerospace from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XTIA. Jane Street Group LLC increased its holdings in XTI Aerospace by 5,712.9% in the fourth quarter. Jane Street Group LLC now owns 759,801 shares of the technology company’s stock worth $33,000 after purchasing an additional 746,730 shares in the last quarter. Geode Capital Management LLC increased its position in shares of XTI Aerospace by 351.0% during the 4th quarter. Geode Capital Management LLC now owns 801,211 shares of the technology company’s stock valued at $34,000 after purchasing an additional 623,575 shares during the last quarter. Anson Funds Management LP bought a new position in shares of XTI Aerospace during the 1st quarter valued at approximately $358,000. Finally, Warberg Asset Management LLC bought a new position in XTI Aerospace during the first quarter valued at $27,000. 11.70% of the stock is owned by institutional investors.

XTI Aerospace Trading Up 1.6%

NASDAQ XTIA opened at $1.90 on Wednesday. The firm’s fifty day moving average price is $1.36 and its two-hundred day moving average price is $5.16. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. XTI Aerospace has a fifty-two week low of $0.96 and a fifty-two week high of $507.50.

XTI Aerospace (NASDAQ:XTIA) last issued its quarterly earnings data on Monday, May 19th. The technology company reported ($3.80) earnings per share for the quarter. The firm had revenue of $0.48 million for the quarter. XTI Aerospace had a negative return on equity of 2,142.63% and a negative net margin of 874.43%.

About XTI Aerospace

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.