Momentus Inc. (NASDAQ:MNTSW) Short Interest Up 674.6% in December

Momentus Inc. (NASDAQ:MNTSW) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 149,500 shares, an increase of 674.6% from the December 15th total of 19,300 shares. Based on an average trading volume of 259,900 shares, the days-to-cover ratio is currently 0.6 days.

Momentus Price Performance

Shares of Momentus stock traded down $0.01 during trading on Monday, hitting $0.06. 140,175 shares of the company were exchanged, compared to its average volume of 185,539. The firm’s fifty day moving average price is $0.03 and its 200 day moving average price is $0.02. Momentus has a 1-year low of $0.00 and a 1-year high of $0.16.

About Momentus

Momentus Inc operates as a commercial space company. The company offers satellites, satellite buses, and other satellite technologies; and in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators.