XTI Aerospace, Inc. (NASDAQ:XTIA) Short Interest Up 46.3% in December

XTI Aerospace, Inc. (NASDAQ:XTIA) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 3,265,863 shares, an increase of 46.3% from the November 30th total of 2,232,758 shares. Based on an average daily trading volume, of 1,217,931 shares, the days-to-cover ratio is currently 2.7 days. Currently, 10.8% of the shares of the stock are short sold. Currently, 10.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,217,931 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XTIA. Anson Funds Management LP acquired a new stake in shares of XTI Aerospace in the third quarter worth approximately $1,940,000. Virtu Financial LLC purchased a new position in XTI Aerospace during the third quarter worth approximately $42,000. Farther Finance Advisors LLC acquired a new position in shares of XTI Aerospace in the 3rd quarter valued at $147,000. Geode Capital Management LLC grew its stake in shares of XTI Aerospace by 47.2% during the 2nd quarter. Geode Capital Management LLC now owns 44,424 shares of the technology company’s stock valued at $72,000 after buying an additional 14,240 shares during the period. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of XTI Aerospace during the 2nd quarter valued at $53,000. 11.70% of the stock is currently owned by hedge funds and other institutional investors.

XTI Aerospace Stock Down 2.2%

Shares of XTI Aerospace stock opened at $1.36 on Monday. XTI Aerospace has a fifty-two week low of $0.96 and a fifty-two week high of $60.00. The business’s fifty day moving average is $1.47 and its two-hundred day moving average is $1.79. The firm has a market cap of $44.59 million, a PE ratio of -0.19 and a beta of 5.20.

XTI Aerospace (NASDAQ:XTIA) last released its earnings results on Wednesday, November 19th. The technology company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.29). XTI Aerospace had a negative net margin of 1,326.49% and a negative return on equity of 580.83%. The business had revenue of $2.48 million during the quarter, compared to analyst estimates of $0.80 million.

Analyst Upgrades and Downgrades

XTIA has been the subject of a number of analyst reports. Wall Street Zen cut XTI Aerospace from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

XTI Aerospace Company Profile

XTI Aerospace Inc (NASDAQ: XTIA) is an early‐stage aerospace company headquartered in Englewood, Colorado, focused on the design and development of vertical takeoff and landing (VTOL) aircraft for the business and specialty aviation markets. The company’s core mission is to deliver a next‐generation hybrid wing–body aircraft capable of both VTOL and short-takeoff and landing (STOL) operations, addressing the growing demand for point-to-point air transportation without the need for traditional airport infrastructure.

The company’s flagship product, the TriFan 600, is a six- to eight-seat business aircraft powered by a proprietary tri-fan propulsion system.