Short Interest in Momentus Inc. (NASDAQ:MNTSW) Declines By 38.8%

Momentus Inc. (NASDAQ:MNTSW) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 120,384 shares, a decline of 38.8% from the May 14th total of 196,737 shares. Based on an average daily trading volume, of 1,956,158 shares, the days-to-cover ratio is presently 0.1 days.

Momentus Stock Performance

MNTSW stock traded down $0.01 during trading on Monday, reaching $0.04. The stock had a trading volume of 326,245 shares, compared to its average volume of 409,369. Momentus has a 1-year low of $0.01 and a 1-year high of $0.13. The firm has a fifty day moving average price of $0.03 and a 200 day moving average price of $0.02.

About Momentus

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.