Momentus Inc. (NASDAQ:MNTSW – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 196,737 shares, a growth of 67.5% from the April 30th total of 117,449 shares. Based on an average daily volume of 218,429 shares, the days-to-cover ratio is currently 0.9 days.
Momentus Price Performance
Shares of MNTSW opened at $0.05 on Thursday. Momentus has a 1 year low of $0.01 and a 1 year high of $0.13. The company’s 50-day simple moving average is $0.02 and its 200-day simple moving average is $0.02.
Momentus Company Profile
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.
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