Short Interest in XTI Aerospace, Inc. (NASDAQ:XTIA) Expands By 103.7%

XTI Aerospace, Inc. (NASDAQ:XTIA) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 8,170,000 shares, an increase of 103.7% from the November 30th total of 4,010,000 shares. Based on an average daily trading volume, of 59,000,000 shares, the short-interest ratio is currently 0.1 days. Approximately 3.5% of the company’s shares are short sold.

XTI Aerospace Stock Performance

Shares of NASDAQ XTIA opened at $0.04 on Friday. 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 has a 1 year low of $0.04 and a 1 year high of $7.99. The firm’s 50 day moving average price is $0.05 and its 200 day moving average price is $0.19.

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.