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

XTI Aerospace, Inc. (NASDAQ:XTIA) 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) 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

A hedge fund recently bought a new stake in XTI Aerospace stock. Ursa Fund Management LLC acquired a new stake in XTI Aerospace, Inc. (NASDAQ:XTIA) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 portfolio, making the stock its 16th biggest holding. Ursa Fund Management LLC owned about 0.22% of XTI Aerospace at the end of the most recent reporting period. 11.70% of the stock is owned by institutional investors.

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.