Momentus Inc. (NASDAQ:MNTS – Get Rating) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 2,620,000 shares, a growth of 17.5% from the December 31st total of 2,230,000 shares. Based on an average daily volume of 641,300 shares, the days-to-cover ratio is currently 4.1 days. Approximately 4.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MNTS. Swiss National Bank increased its holdings in shares of Momentus by 17.2% during the 1st quarter. Swiss National Bank now owns 114,300 shares of the company's stock worth $365,000 after buying an additional 16,800 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Momentus by 104.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,448 shares of the company's stock worth $126,000 after acquiring an additional 20,176 shares during the last quarter. Blair William & Co. IL purchased a new stake in Momentus in the first quarter valued at $55,000. Vanguard Group Inc. lifted its stake in shares of Momentus by 122.4% in the 1st quarter. Vanguard Group Inc. now owns 2,743,683 shares of the company's stock valued at $8,753,000 after purchasing an additional 1,510,285 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Momentus by 22.1% in the 1st quarter. Penserra Capital Management LLC now owns 193,621 shares of the company's stock valued at $617,000 after purchasing an additional 35,084 shares during the last quarter. Institutional investors and hedge funds own 78.15% of the company's stock.

Momentus Price Performance

Shares of Momentus stock traded down $0.05 on Monday, hitting $0.85. 221,587 shares of the company were exchanged, compared to its average volume of 1,479,178. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $0.96 and a 200 day moving average price of $1.39. The stock has a market capitalization of $71.70 million, a price-to-earnings ratio of -0.92 and a beta of 0.82. Momentus has a 1-year low of $0.70 and a 1-year high of $4.74.

Momentus Company Profile

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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.

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