Short Interest in Montana Technologies Co. (NASDAQ:AIRJ) Rises By 109.5%

Montana Technologies Co. (NASDAQ:AIRJGet Free Report) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 589,000 shares, an increase of 109.5% from the December 15th total of 281,100 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average trading volume of 83,000 shares, the short-interest ratio is currently 7.1 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright assumed coverage on Montana Technologies in a research report on Friday, December 20th. They issued a “buy” rating and a $12.00 price target on the stock.

Get Our Latest Stock Report on Montana Technologies

Montana Technologies Stock Up 5.3 %

Shares of NASDAQ AIRJ opened at $8.38 on Thursday. Montana Technologies has a 12 month low of $4.94 and a 12 month high of $49.11. The business’s 50 day moving average is $8.21 and its two-hundred day moving average is $7.78.

Hedge Funds Weigh In On Montana Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AIRJ. Quarry LP bought a new stake in Montana Technologies in the 2nd quarter valued at $81,000. HighTower Advisors LLC bought a new position in shares of Montana Technologies during the 3rd quarter worth about $342,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Montana Technologies by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock valued at $404,000 after buying an additional 8,714 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in Montana Technologies during the third quarter worth about $508,000. Finally, Geode Capital Management LLC grew its position in Montana Technologies by 2.7% during the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock worth $1,086,000 after buying an additional 4,905 shares in the last quarter. Institutional investors own 63.65% of the company’s stock.

Montana Technologies Company Profile

(Get Free Report)

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.

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