XTI Aerospace, Inc. (NASDAQ:XTIA) Sees Large Growth in Short Interest

XTI Aerospace, Inc. (NASDAQ:XTIA) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 7,148,462 shares, a growth of 84.6% from the December 31st total of 3,872,042 shares. Based on an average trading volume of 3,343,539 shares, the short-interest ratio is currently 2.1 days. Currently, 22.4% of the company’s stock are short sold. Currently, 22.4% of the company’s stock are short sold. Based on an average trading volume of 3,343,539 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on XTIA shares. Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a research note on Wednesday, January 21st. Wall Street Zen raised shares of XTI Aerospace from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

XTI Aerospace Stock Down 5.4%

NASDAQ:XTIA opened at $1.76 on Friday. The stock’s 50 day moving average price is $1.56 and its two-hundred day moving average price is $1.67. The firm has a market capitalization of $60.74 million, a price-to-earnings ratio of -0.24 and a beta of 5.28. XTI Aerospace has a 12-month low of $0.96 and a 12-month high of $7.43.

XTI Aerospace (NASDAQ:XTIA) last issued its earnings results on Wednesday, November 19th. The technology company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.29). XTI Aerospace had a negative return on equity of 580.83% and a negative net margin of 1,326.49%.The business had revenue of $2.48 million for the quarter, compared to the consensus estimate of $0.80 million.

Hedge Funds Weigh In On XTI Aerospace

Large investors have recently modified their holdings of the stock. Anson Funds Management LP acquired a new stake in shares of XTI Aerospace during the 3rd quarter worth about $1,940,000. Virtu Financial LLC acquired a new stake in XTI Aerospace during the third quarter worth approximately $42,000. Farther Finance Advisors LLC bought a new stake in shares of XTI Aerospace during the third quarter worth approximately $147,000. Finally, Geode Capital Management LLC boosted its holdings in shares of XTI Aerospace by 47.2% during the second quarter. Geode Capital Management LLC now owns 44,424 shares of the technology company’s stock worth $72,000 after acquiring an additional 14,240 shares during the period. 11.70% of the stock is owned by institutional investors.

About XTI Aerospace

XTI Aerospace Inc (NASDAQ: XTIA) is an early‐stage aerospace company headquartered in Englewood, Colorado, focused on the design and development of vertical takeoff and landing (VTOL) aircraft for the business and specialty aviation markets. The company’s core mission is to deliver a next‐generation hybrid wing–body aircraft capable of both VTOL and short-takeoff and landing (STOL) operations, addressing the growing demand for point-to-point air transportation without the need for traditional airport infrastructure.

The company’s flagship product, the TriFan 600, is a six- to eight-seat business aircraft powered by a proprietary tri-fan propulsion system.