Momentus Inc. (Momentus (MNTS)) stock is trading lower on Thursday. The pullback comes as retail investors take profits following a massive, volume-heavy rally during Wednesday's session.

Nasdaq futures are down 0.50% while S&P 500 futures have shed 0.23%.

Traders Secure Wednesday Gains

MNTS stock faced downward pressure as short-term traders rushed to lock in gains. The profit-taking follows a vertical surge on Wednesday, where the micro-cap space stock closed up 25.97% at $19.50.

The Golden Dome Defense Catalyst

Wednesday's rally ignited around the company's alignment with national security initiatives. Momentus is capturing Wall Street's attention due to its exposure to the Trump administration's Golden Dome missile-defense push.

The company recently confirmed it has the right to compete for contracts under a $151 billion, 10-year national defense contract vehicle tied directly to the Golden Dome program.

Exponential Revenue Projections Fuel Momentum

The underlying enthusiasm stems from a drastic financial reset. In a recent shareholder letter, CEO John Rood stated that the company expects $10 million in 2026 revenue, a ninefold increase from $1.1 million in 2025. This projected growth is driven by active milestone-based contracts with DARPA, NASA, and the U.S. Space Force.

Momentus Stock Short Interest Report

Short interest in Momentus decreased during the last reporting period, falling from 1.55 million to 1.15 million. This put 18.59% of the company's publicly available shares short.

Based on the recent average volume of 2.54 million shares traded per day, it would take 1 day for holders of this short interest to close out their positions without sending the stock sharply higher.

Critical Technical Levels for Momentus Stock

MNTS is still in a stretched uptrend on the intermediate timeframe: the stock is trading 146.6% above its 20-day SMA ($6.67) and 198.6% above its 50-day SMA ($5.51), which often leaves price vulnerable to fast pullbacks when buyers pause.

RSI is the clearest momentum tell here, sitting at 89.07—deep in overbought territory.

MNTS Stock Price Activity: Momentus shares were down 17.23% at $16.14 during premarket trading on Thursday.