XTI Aerospace, Inc. (NASDAQ:XTIA) Short Interest Update

XTI Aerospace, Inc. (NASDAQ:XTIA) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 7,148,462 shares, a growth of 84.6% from the December 31st total of 3,872,042 shares. Approximately 22.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,343,539 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 3,343,539 shares, the days-to-cover ratio is presently 2.1 days. Approximately 22.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On XTI Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in XTI Aerospace in the 3rd quarter valued at about $42,000. Geode Capital Management LLC raised its stake in shares of XTI Aerospace by 47.2% during the second quarter. Geode Capital Management LLC now owns 44,424 shares of the technology company’s stock valued at $72,000 after acquiring an additional 14,240 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of XTI Aerospace in the third quarter valued at approximately $147,000. Citizens Financial Group Inc. RI bought a new position in XTI Aerospace in the fourth quarter worth approximately $124,000. Finally, Anson Funds Management LP bought a new position in XTI Aerospace in the third quarter worth approximately $1,940,000. Institutional investors own 11.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XTIA. Wall Street Zen raised XTI Aerospace from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of XTI Aerospace in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

XTI Aerospace Stock Performance

Shares of NASDAQ XTIA opened at $1.67 on Friday. XTI Aerospace has a fifty-two week low of $0.96 and a fifty-two week high of $7.43. The company has a market cap of $57.63 million, a price-to-earnings ratio of -0.23 and a beta of 5.28. The business’s 50 day moving average price is $1.56 and its 200-day moving average price is $1.66.

XTI Aerospace (NASDAQ:XTIA) last posted its quarterly earnings data on Wednesday, November 19th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.29). XTI Aerospace had a negative net margin of 1,326.49% and a negative return on equity of 580.83%. The business had revenue of $2.48 million for the quarter, compared to analysts’ expectations of $0.80 million.

XTI Aerospace Company Profile

XTI Aerospace Inc (NASDAQ: XTIA) is an early‐stage aerospace company headquartered in Englewood, Colorado, focused on the design and development of vertical takeoff and landing (VTOL) aircraft for the business and specialty aviation markets. The company’s core mission is to deliver a next‐generation hybrid wing–body aircraft capable of both VTOL and short-takeoff and landing (STOL) operations, addressing the growing demand for point-to-point air transportation without the need for traditional airport infrastructure.

The company’s flagship product, the TriFan 600, is a six- to eight-seat business aircraft powered by a proprietary tri-fan propulsion system.