Momentus Inc. (NASDAQ:MNTSW) Sees Significant Drop in Short Interest

Momentus Inc. (NASDAQ:MNTSW) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 117,829 shares, a decline of 17.5% from the February 26th total of 142,779 shares. Based on an average trading volume of 84,399 shares, the short-interest ratio is currently 1.4 days.

Momentus Price Performance

NASDAQ:MNTSW traded down $0.00 on Wednesday, reaching $0.02. 101,739 shares of the company’s stock were exchanged, compared to its average volume of 241,346. Momentus has a 52 week low of $0.01 and a 52 week high of $0.10. The stock has a fifty day simple moving average of $0.02 and a 200-day simple moving average of $0.02.

Momentus Company Profile

Momentus, trading on the Nasdaq under the symbol MNTSW, is a U.S.-based provider of in-space transportation and logistics services. Headquartered in Santa Clara, California, the company develops and operates orbital “space tugs” designed to carry small satellites to their final deployment orbits. Momentus’s core offering, its Vigoride vehicle, leverages proprietary water-plasma propulsion technology to deliver customer payloads with precision, enabling what the industry refers to as “last-mile” satellite delivery.

Momentus offers a suite of mission services that extend beyond simple orbital transfers.