XTI Aerospace, Inc. (NASDAQ:XTIA – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 742,900 shares, an increase 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 currently 0.4 days. Approximately 2.2% of the company’s stock are sold short.
XTI Aerospace Trading Down 7.8 %
Shares of NASDAQ:XTIA opened at $0.09 on Monday. The firm has a 50 day simple moving average of $0.19 and a 200-day simple moving average of $0.75. XTI Aerospace has a twelve month low of $0.08 and a twelve month high of $11.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.54 and a current ratio of 0.66.
XTI Aerospace (NASDAQ:XTIA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported ($1.05) earnings per share for the quarter. The company had revenue of $1.03 million during the quarter. XTI Aerospace had a negative net margin of 982.73% and a negative return on equity of 809.13%.
Institutional Inflows and Outflows
About XTI Aerospace
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.
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