Short Interest in Intuitive Machines, Inc. (NASDAQ:LUNRW) Drops By 52.0%

Intuitive Machines, Inc. (NASDAQ:LUNRW) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 57,700 shares, a drop of 52.0% from the February 29th total of 120,100 shares. Based on an average daily trading volume, of 556,800 shares, the days-to-cover ratio is currently 0.1 days.

Intuitive Machines Stock Performance

LUNRW traded down $0.14 during midday trading on Thursday, hitting $1.75. 262,753 shares of the company traded hands, compared to its average volume of 596,460. Intuitive Machines has a 52-week low of $0.13 and a 52-week high of $3.69. The business has a 50 day simple moving average of $1.11 and a two-hundred day simple moving average of $0.55.

Institutional Investors Weigh In On Intuitive Machines

Hedge funds have recently modified their holdings of the company. Hudson Bay Capital Management LP acquired a new position in shares of Intuitive Machines during the first quarter worth about $82,000. Balyasny Asset Management L.P. acquired a new position in shares of Intuitive Machines in the first quarter valued at approximately $140,000. Polar Asset Management Partners Inc. purchased a new position in Intuitive Machines during the first quarter worth about $121,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at approximately $994,000.

About Intuitive Machines

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon, as well as exploration to mars and beyond.