XTI Aerospace, Inc. (NASDAQ:XTIA) Sees Large Increase in Short Interest

XTI Aerospace, Inc. (NASDAQ:XTIA) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 4,360,000 shares, a growth of 514.9% from the October 31st total of 709,100 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 32,210,000 shares, the days-to-cover ratio is presently 0.1 days.

XTI Aerospace Price Performance

XTI Aerospace stock opened at $0.04 on Thursday. XTI Aerospace has a 12 month low of $0.04 and a 12 month high of $11.50. The business’s fifty day simple moving average is $0.11 and its two-hundred day simple moving average is $0.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.66 and a quick ratio of 0.54.

XTI Aerospace Company Profile

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.