Momentus Inc. (NASDAQ:MNTS) Short Interest Update

Momentus Inc. (NASDAQ:MNTS) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 306,430 shares, a growth of 19.2% from the March 15th total of 257,019 shares. Approximately 22.0% of the company’s stock are short sold. Based on an average trading volume of 831,115 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC grew its stake in shares of Momentus Inc. (NASDAQ:MNTS) by 199.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 792,000 shares of the company’s stock after purchasing an additional 527,773 shares during the quarter. Armistice Capital LLC owned approximately 12.62% of Momentus worth $966,000 as of its most recent SEC filing. 9.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MNTS shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Momentus in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Momentus from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Momentus Stock Performance

Shares of NASDAQ MNTS traded down $0.13 during trading on Friday, reaching $7.50. The stock had a trading volume of 3,724,657 shares, compared to its average volume of 3,202,245. Momentus has a one year low of $3.11 and a one year high of $43.55. The stock has a market cap of $42.98 million, a PE ratio of -0.11 and a beta of 1.14. The firm’s 50 day moving average price is $4.60 and its two-hundred day moving average price is $10.94.

Momentus (NASDAQ:MNTS) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $16.59 earnings per share (EPS) for the quarter. The firm had revenue of $0.36 million for the quarter. Momentus had a negative return on equity of 24,229.06% and a negative net margin of 2,744.86%.

Momentus Company Profile

Momentus Inc is a space logistics and in-space transportation company that develops and operates orbital transfer vehicles (OTVs) to move satellites and other payloads between orbits. Its core offering, the Vigoride platform, uses a proprietary water plasma propulsion system to provide sustainable, high-efficiency thrust for a range of orbital maneuvers. The company’s solutions are designed to enable flexible deployment and repositioning of satellites after launch, assisting satellite operators in optimizing mission lifespans and orbital slots.

Founded in 2017 and headquartered in Santa Clara, California, Momentus has pursued a path of technology demonstration and commercialization.