Montana Technologies Co. (NASDAQ:AIRJ) Sees Significant Growth in Short Interest

Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 589,000 shares, a growth of 109.5% from the December 31st total of 281,100 shares. Based on an average daily volume of 83,000 shares, the short-interest ratio is currently 7.1 days. Approximately 2.8% of the shares of the stock are short sold.

Montana Technologies Stock Up 1.0 %

NASDAQ:AIRJ traded up $0.08 during trading hours on Friday, hitting $8.18. 49,947 shares of the stock were exchanged, compared to its average volume of 67,505. The company's 50 day moving average is $8.58 and its two-hundred day moving average is $7.58. Montana Technologies has a twelve month low of $4.94 and a twelve month high of $49.11.

Wall Street Analyst Weigh In

Separately, HC Wainwright assumed coverage on Montana Technologies in a report on Friday, December 20th. They issued a "buy" rating and a $12.00 price target for the company.

Hedge Funds Weigh In On Montana Technologies

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Montana Technologies during the 2nd quarter worth about $81,000. Heritage Financial Services LLC bought a new stake in shares of Montana Technologies during the fourth quarter worth approximately $99,000. U.S. Capital Wealth Advisors LLC raised its stake in shares of Montana Technologies by 19.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company's stock worth $147,000 after buying an additional 3,000 shares during the last quarter. HighTower Advisors LLC acquired a new position in Montana Technologies in the third quarter valued at approximately $342,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Montana Technologies by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company's stock valued at $404,000 after acquiring an additional 8,714 shares during the last quarter. Institutional investors own 63.65% of the company's stock.

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.