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

XTI Aerospace, Inc. (NASDAQ:XTIA) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 726,200 shares, an increase of 46.8% from the March 15th total of 494,700 shares. Based on an average trading volume of 781,500 shares, the short-interest ratio is presently 0.9 days. Currently, 17.1% of the company’s shares are sold short.

XTI Aerospace Stock Up 0.8 %

Shares of XTIA stock opened at $1.19 on Friday. The firm’s 50 day moving average price is $2.38 and its two-hundred day moving average price is $10.23. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. XTI Aerospace has a 52-week low of $0.96 and a 52-week high of $775.00.

Institutional Investors Weigh In On XTI Aerospace

An institutional investor recently raised its position in XTI Aerospace stock. Jane Street Group LLC raised its stake in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 5,712.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 759,801 shares of the technology company’s stock after buying an additional 746,730 shares during the quarter. Jane Street Group LLC owned about 41.07% of XTI Aerospace worth $33,000 at the end of the most recent reporting period. 11.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Maxim Group raised XTI Aerospace to a “strong-buy” rating in a report on Friday, January 31st.

XTI Aerospace Company Profile

XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.