Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 224,100 shares, a drop of 9.8% from the September 15th total of 248,400 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,700 shares, the short-interest ratio is presently 5.0 days.
Institutional Investors Weigh In On Montana Technologies
Several hedge funds have recently bought and sold shares of AIRJ. K2 Principal Fund L.P. bought a new stake in Montana Technologies during the first quarter valued at approximately $948,000. U.S. Capital Wealth Advisors LLC bought a new stake in Montana Technologies during the second quarter valued at approximately $160,000. Finally, Quarry LP bought a new stake in Montana Technologies during the second quarter valued at approximately $81,000. 63.65% of the stock is currently owned by institutional investors.
Montana Technologies Stock Performance
Shares of NASDAQ:AIRJ traded down $0.05 on Tuesday, hitting $5.76. The company's stock had a trading volume of 8,807 shares, compared to its average volume of 76,411. The company 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 - Get Free Report) last announced its earnings results on Thursday, August 22nd. The company reported $0.24 earnings per share for the quarter.
About Montana Technologies
(
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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