XTI Aerospace, Inc. (NASDAQ:XTIA) Short Interest Up 37.5% in October

Posted by ABMN Staff on Oct 29th, 2024

XTI Aerospace, Inc. (NASDAQ:XTIA – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 742,900 shares, a growth of 37.5% from the September 30th total of 540,200 shares. Based on an average trading volume of 1,660,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.2% of the shares of the company are sold short.

Institutional Investors Weigh In On XTI Aerospace

A hedge fund recently bought a new stake in XTI Aerospace stock. Ursa Fund Management LLC bought a new position in shares of XTI Aerospace, Inc. (NASDAQ:XTIA – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,980 shares of the technology company’s stock, valued at approximately $38,000. XTI Aerospace accounts for approximately 0.1% of Ursa Fund Management LLC’s investment portfolio, making the stock its 16th largest holding. Ursa Fund Management LLC owned 0.22% of XTI Aerospace as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 11.70% of the company’s stock.

XTI Aerospace Stock Performance

Shares of XTI Aerospace stock opened at $0.09 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $0.19 and a two-hundred day simple moving average of $0.73. XTI Aerospace has a 1 year low of $0.08 and a 1 year high of $11.50.

XTI Aerospace (NASDAQ:XTIA – Get Free Report) last posted its earnings results on Wednesday, August 14th. The technology company reported ($1.05) earnings per share (EPS) for the quarter. The company had revenue of $1.03 million for the quarter. XTI Aerospace had a negative return on equity of 809.13% and a negative net margin of 982.73%.

XTI Aerospace Company Profile

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XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.