Momentus Inc. (NASDAQ:MNTS) Short Interest Update

Momentus Inc. (NASDAQ:MNTS) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 186,700 shares, a growth of 116.3% from the January 15th total of 86,300 shares. Approximately 7.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Momentus

An institutional investor recently raised its position in Momentus stock. JPMorgan Chase & Co. increased its holdings in shares of Momentus Inc. (NASDAQ:MNTS) by 165,960.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,303 shares of the company’s stock after purchasing an additional 8,298 shares during the period. JPMorgan Chase & Co. owned approximately 0.30% of Momentus worth $66,000 at the end of the most recent quarter. 9.24% of the stock is currently owned by institutional investors.

Momentus Stock Performance

MNTS stock traded up $0.12 during trading on Thursday, hitting $3.58. The company had a trading volume of 1,054,849 shares, compared to its average volume of 1,965,850. The business has a 50-day moving average of $6.82 and a 200-day moving average of $7.79. Momentus has a one year low of $3.30 and a one year high of $28.56.

About Momentus

Momentus Inc, together with its subsidiaries, operates as a commercial space company. The company focuses on providing in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services. Its principal and target customers include satellite operators. The company is headquartered in San Jose, California.