XTI Aerospace, Inc. (NASDAQ:XTIA) Sees Significant Decline in Short Interest

XTI Aerospace, Inc. (NASDAQ:XTIA) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 101,300 shares, a drop of 98.8% from the December 15th total of 8,170,000 shares. Based on an average daily volume of 725,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.7% of the company’s shares are short sold.

XTI Aerospace Stock Down 6.0 %

XTI Aerospace stock traded down $0.44 during trading hours on Monday, hitting $6.87. The company had a trading volume of 1,612,961 shares, compared to its average volume of 4,068,207. The company has a 50-day moving average price of $11.78 and a two-hundred day moving average price of $40.59. XTI Aerospace has a 1 year low of $3.85 and a 1 year high of $1,997.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.54.

XTI Aerospace Company Profile

XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.