Short Interest in Montana Technologies Co. (NASDAQ:AIRJ) Increases By 7.6%

Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 232,700 shares, a growth of 7.6% from the October 15th total of 216,200 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 44,200 shares, the days-to-cover ratio is presently 5.3 days.

Montana Technologies Trading Up 5.6 %

AIRJ stock traded up $0.39 during trading on Friday, reaching $7.38. 64,861 shares of the company's stock were exchanged, compared to its average volume of 31,119. Montana Technologies has a 1-year low of $4.94 and a 1-year high of $49.11. The company's fifty day moving average price is $6.08 and its 200-day moving average price is $8.89.

Montana Technologies (NASDAQ:AIRJ - Get Free Report) last posted its quarterly earnings data on Thursday, August 22nd. The company reported $0.24 earnings per share for the quarter.

Insider Activity at Montana Technologies

In other Montana Technologies news, major shareholder John Yogi Spence acquired 11,765 shares of Montana Technologies stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average cost of $8.50 per share, for a total transaction of $100,002.50. Following the completion of the transaction, the insider now owns 61,666 shares in the company, valued at approximately $524,161. This represents a 23.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 40.39% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIRJ. Quarry LP bought a new stake in Montana Technologies in the second quarter worth about $81,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Montana Technologies in the 2nd quarter worth approximately $160,000. HighTower Advisors LLC bought a new stake in shares of Montana Technologies in the 3rd quarter worth approximately $342,000. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 8,714 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in Montana Technologies during the third quarter worth approximately $508,000. 63.65% of the stock is currently owned by institutional investors.

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.