Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 281,100 shares, a growth of 19.8% from the November 30th total of 234,600 shares. Based on an average daily volume of 73,100 shares, the short-interest ratio is currently 3.8 days. Approximately 1.3% of the shares of the stock are sold short.
Montana Technologies Trading Up 14.1 %
Montana Technologies stock traded up $1.23 during mid-day trading on Friday, reaching $9.93. The company had a trading volume of 164,976 shares, compared to its average volume of 78,798. The stock's 50-day simple moving average is $7.71 and its 200-day simple moving average is $8.00. Montana Technologies has a 1 year low of $4.94 and a 1 year high of $49.11.
Analyst Upgrades and Downgrades
Separately, HC Wainwright assumed coverage on shares of Montana Technologies in a research note on Friday, December 20th. They set a "buy" rating and a $12.00 price target on the stock.
Get Our Latest Stock Analysis on Montana Technologies
Institutional Investors Weigh In On Montana Technologies
A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Montana Technologies during the 2nd quarter worth $81,000. Charles Schwab Investment Management Inc. increased its holdings in Montana Technologies by 14.3% during the 3rd 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 in the last quarter. HighTower Advisors LLC acquired a new position in Montana Technologies during the third quarter worth about $342,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of Montana Technologies in the third quarter valued at about $508,000. Finally, Geode Capital Management LLC grew its position in shares of Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock valued at $1,086,000 after purchasing an additional 4,905 shares during the last quarter. Institutional investors and hedge funds own 63.65% of the company's stock.
Montana Technologies Company Profile
(
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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