Short Interest in Montana Technologies Co. (NASDAQ:AIRJ) Decreases By 9.8%

Montana Technologies Co. (NASDAQ:AIRJ) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 224,100 shares, a decline of 9.8% from the September 15th total of 248,400 shares. Based on an average trading volume of 44,700 shares, the days-to-cover ratio is currently 5.0 days. Approximately 1.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Montana Technologies

Several institutional investors have recently made changes to their positions in AIRJ. Quarry LP bought a new position in Montana Technologies during the 2nd quarter valued at about $81,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Montana Technologies during the second quarter valued at approximately $160,000. Finally, K2 Principal Fund L.P. bought a new position in shares of Montana Technologies during the first quarter valued at approximately $948,000. Institutional investors own 63.65% of the company’s stock.

Montana Technologies Stock Down 0.9 %

NASDAQ:AIRJ opened at $5.76 on Wednesday. The business has a 50 day simple moving average of $6.48 and a 200-day simple moving average of $9.61. Montana Technologies has a 1 year low of $4.94 and a 1 year high of $49.11.

Montana Technologies (NASDAQ:AIRJ) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.24 earnings per share for the quarter.

About Montana Technologies

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.