XTI Aerospace, Inc. (NASDAQ:XTIA) Sees Significant Increase in Short Interest

XTI Aerospace, Inc. (NASDAQ:XTIA) saw a significant increase in short interest in 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. Approximately 3.5% of the shares of the company are sold short. Based on an average daily trading volume, of 59,000,000 shares, the short-interest ratio is presently 0.1 days.

XTI Aerospace Price Performance

NASDAQ XTIA opened at $0.04 on Friday. XTI Aerospace has a one year low of $0.04 and a one year high of $7.99. The firm’s fifty day moving average is $0.05 and its two-hundred day moving average is $0.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.54 and a current ratio of 0.66.

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.