Everest Consolidator Acquisition Co. (NYSE:MNTN - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 10,100 shares, a decline of 24.6% from the August 31st total of 13,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is currently 0.5 days.
Everest Consolidator Acquisition Stock Performance
Shares of Everest Consolidator Acquisition stock traded up $0.01 during trading on Friday, reaching $11.36. The company's stock had a trading volume of 352 shares, compared to its average volume of 35,729. The company has a 50-day moving average price of $11.29 and a two-hundred day moving average price of $11.25. Everest Consolidator Acquisition has a fifty-two week low of $10.81 and a fifty-two week high of $12.18.
Hedge Funds Weigh In On Everest Consolidator Acquisition
A hedge fund recently bought a new stake in Everest Consolidator Acquisition stock. Cowen AND Company LLC acquired a new stake in Everest Consolidator Acquisition Co. (NYSE:MNTN - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 509,854 shares of the company's stock, valued at approximately $5,746,000. Cowen AND Company LLC owned about 4.36% of Everest Consolidator Acquisition at the end of the most recent reporting period. 72.90% of the stock is currently owned by institutional investors and hedge funds.
About Everest Consolidator Acquisition
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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.
Further Reading
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