Momentus Inc. (NASDAQ:MNTS) Short Interest Down 40.7% in February

Momentus Inc. (NASDAQ:MNTS) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 258,600 shares, a drop of 40.7% from the February 13th total of 436,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is presently 0.2 days. Currently, 8.2% of the company’s stock are sold short.

Momentus Price Performance

Shares of MNTS opened at $1.78 on Monday. The firm has a 50 day moving average of $4.70 and a 200 day moving average of $6.86. Momentus has a twelve month low of $1.56 and a twelve month high of $28.56.

Institutional Investors Weigh In On Momentus

A hedge fund recently raised its stake in Momentus stock. JPMorgan Chase & Co. increased its stake in Momentus Inc. (NASDAQ:MNTS) by 165,960.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,303 shares of the company’s stock after purchasing an additional 8,298 shares during the quarter. JPMorgan Chase & Co. owned 0.30% of Momentus worth $66,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.24% of the company’s stock.

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.