Everest Consolidator Acquisition Co. (NYSE:MNTN) Sees Significant Decrease in Short Interest

Everest Consolidator Acquisition Co. (NYSE:MNTN) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 10,100 shares, a decrease of 24.6% from the August 31st total of 13,400 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 21,300 shares, the short-interest ratio is currently 0.5 days.

Everest Consolidator Acquisition Stock Performance

NYSE:MNTN traded up $0.17 during trading hours on Friday, reaching $11.52. 100 shares of the company were exchanged, compared to its average volume of 35,728. The stock has a 50 day simple moving average of $11.29 and a 200 day simple moving average of $11.25. Everest Consolidator Acquisition has a 52-week low of $10.81 and a 52-week high of $12.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Everest Consolidator Acquisition stock. Cowen AND Company LLC purchased a new stake in shares of Everest Consolidator Acquisition Co. (NYSE:MNTN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 509,854 shares of the company’s stock, valued at approximately $5,746,000. Cowen AND Company LLC owned approximately 4.36% of Everest Consolidator Acquisition as of its most recent SEC filing. Hedge funds and other institutional investors own 72.90% of the company’s stock.

About Everest Consolidator Acquisition

Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to a effect merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying businesses in the financial services sector.