Everest Consolidator Acquisition Co. (NYSE:MNTN) Short Interest Update

Everest Consolidator Acquisition Co. (NYSE:MNTN – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 3,400 shares, a decrease of 50.0% from the April 30th total of 6,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 78,300 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Everest Consolidator Acquisition

Several large investors have recently bought and sold shares of MNTN. Glazer Capital LLC increased its stake in shares of Everest Consolidator Acquisition by 440.9% in the first quarter. Glazer Capital LLC now owns 73,492 shares of the company’s stock valued at $765,000 after buying an additional 59,905 shares during the period. Marshall Wace LLP acquired a new stake in shares of Everest Consolidator Acquisition in the third quarter valued at about $198,000. Susquehanna International Group LLP acquired a new stake in shares of Everest Consolidator Acquisition in the first quarter valued at about $111,000. Kim LLC acquired a new stake in shares of Everest Consolidator Acquisition in the first quarter valued at about $2,872,000. Finally, Cowen Investment Management LLC acquired a new stake in shares of Everest Consolidator Acquisition in the first quarter valued at about $1,310,000. 67.01% of the stock is currently owned by institutional investors.

Everest Consolidator Acquisition Price Performance

Shares of MNTN stock traded up $0.02 on Friday, hitting $10.62. 185 shares of the company’s stock were exchanged, compared to its average volume of 85,399. Everest Consolidator Acquisition has a 12 month low of $9.96 and a 12 month high of $10.62. The company has a 50 day moving average of $10.50 and a 200 day moving average of $10.34.

Everest Consolidator Acquisition Company Profile

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Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to acquire assets and businesses or entities through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. It focuses on identifying businesses in the wealth management industry.