Momentus Inc. (NASDAQ:MNTS) Short Interest Update

Momentus Inc. (NASDAQ:MNTS) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 203,061 shares, a decline of 13.3% from the January 15th total of 234,199 shares. Based on an average daily volume of 614,419 shares, the short-interest ratio is presently 0.3 days. Approximately 14.6% of the company’s shares are sold short. Approximately 14.6% of the company’s shares are sold short. Based on an average daily volume of 614,419 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MNTS. Weiss Ratings reissued a “sell (e+)” rating on shares of Momentus in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Momentus from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Momentus

A hedge fund recently raised its stake in Momentus stock. Armistice Capital LLC grew its stake in shares of Momentus Inc. (NASDAQ:MNTS) by 199.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 792,000 shares of the company’s stock after acquiring an additional 527,773 shares during the quarter. Armistice Capital LLC owned about 12.62% of Momentus worth $966,000 as of its most recent SEC filing. 9.24% of the stock is owned by hedge funds and other institutional investors.

Momentus Stock Performance

Shares of NASDAQ MNTS opened at $5.51 on Thursday. The firm’s 50 day moving average price is $8.03 and its 200-day moving average price is $16.20. Momentus has a 52-week low of $4.73 and a 52-week high of $68.01. The company has a market cap of $7.71 million, a PE ratio of -0.08 and a beta of 1.05.

Momentus (NASDAQ:MNTS) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($19.28) earnings per share (EPS) for the quarter. The company had revenue of $0.23 million during the quarter.

About Momentus

Momentus Inc is a space logistics and in-space transportation company that develops and operates orbital transfer vehicles (OTVs) to move satellites and other payloads between orbits. Its core offering, the Vigoride platform, uses a proprietary water plasma propulsion system to provide sustainable, high-efficiency thrust for a range of orbital maneuvers. The company’s solutions are designed to enable flexible deployment and repositioning of satellites after launch, assisting satellite operators in optimizing mission lifespans and orbital slots.

Founded in 2017 and headquartered in Santa Clara, California, Momentus has pursued a path of technology demonstration and commercialization.