Momentus Inc. (NASDAQ:MNTSW – Get Free Report) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 120,384 shares, a drop of 38.8% from the May 14th total of 196,737 shares. Based on an average trading volume of 1,956,158 shares, the days-to-cover ratio is currently 0.1 days.
Momentus Stock Performance
Shares of Momentus stock opened at $0.03 on Wednesday. Momentus has a 52-week low of $0.01 and a 52-week high of $0.13. The stock’s 50-day simple moving average is $0.03 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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