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

Key Points

• XTI Aerospace saw a 13.6% decline in short interest in March to 6,462,434 shares, a short‑interest ratio of 1.5 days, with about 20.2% of the stock sold short.
• Shares opened at $1.92 and the company has a market cap of about $66.3M, a P/E of -0.26, a beta of 5.36, and a 12‑month trading range of $0.96 to $7.43.
• Analyst coverage is mixed—one Strong Buy and one Sell, averaging a Moderate Buy—and several institutions (Anson, Geode, Millennium, XTX) recently added or increased positions, with institutional ownership around 11.7%.

XTI Aerospace, Inc. (NASDAQ:XTIA - Get Free Report) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 6,462,434 shares, a drop of 13.6% from the February 26th total of 7,480,559 shares. Based on an average daily trading volume, of 4,344,011 shares, the short-interest ratio is currently 1.5 days. Currently, 20.2% of the shares of the stock are sold short.

XTI Aerospace Price Performance

Shares of XTI Aerospace stock opened at $1.92 on Tuesday. The stock has a market capitalization of $66.26 million, a P/E ratio of -0.26 and a beta of 5.36. The business has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $1.69. XTI Aerospace has a 12 month low of $0.96 and a 12 month high of $7.43.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XTIA. Maxim Group raised shares of XTI Aerospace to a "strong-buy" rating in a report on Friday, March 20th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of XTI Aerospace in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of XTI Aerospace from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, XTI Aerospace presently has an average rating of "Moderate Buy".

Institutional Investors Weigh In On XTI Aerospace

Large investors have recently modified their holdings of the business. Anson Funds Management LP acquired a new stake in shares of XTI Aerospace in the third quarter valued at about $1,940,000. Geode Capital Management LLC boosted its position in XTI Aerospace by 81.3% during the fourth quarter. Geode Capital Management LLC now owns 303,459 shares of the technology company's stock worth $376,000 after acquiring an additional 136,104 shares during the last quarter. Millennium Management LLC purchased a new stake in XTI Aerospace during the 4th quarter valued at about $137,000. XTX Topco Ltd raised its holdings in XTI Aerospace by 86.1% in the 4th quarter. XTX Topco Ltd now owns 105,738 shares of the technology company's stock valued at $131,000 after acquiring an additional 48,918 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in XTI Aerospace in the 4th quarter valued at about $124,000. Hedge funds and other institutional investors own 11.70% of the company's stock.

About XTI Aerospace

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.

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