Montana Technologies Co. (NASDAQ:AIRJ) Sees Significant Growth in Short Interest

Montana Technologies Co. (NASDAQ:AIRJ) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 589,000 shares, an increase of 109.5% from the December 31st total of 281,100 shares. Based on an average daily trading volume, of 83,000 shares, the days-to-cover ratio is currently 7.1 days. Currently, 2.8% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright assumed coverage on shares of Montana Technologies in a report on Friday, December 20th. They issued a “buy” rating and a $12.00 price objective for the company.

Institutional Trading of Montana Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Montana Technologies in the second quarter worth about $81,000. Heritage Financial Services LLC purchased a new stake in Montana Technologies in the 4th quarter worth approximately $99,000. U.S. Capital Wealth Advisors LLC grew its position in shares of Montana Technologies by 19.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock worth $147,000 after buying an additional 3,000 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Montana Technologies during the third quarter valued at approximately $342,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Montana Technologies by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock valued at $404,000 after acquiring an additional 8,714 shares in the last quarter. Institutional investors own 63.65% of the company’s stock.

Montana Technologies Stock Performance

NASDAQ AIRJ opened at $7.87 on Thursday. The company has a 50-day simple moving average of $8.57 and a two-hundred day simple moving average of $7.62. Montana Technologies has a 12-month low of $4.94 and a 12-month high of $49.11.

Montana Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.