Short Interest in Montana Technologies Co. (NASDAQ:AIRJ) Rises By 19.8%

Montana Technologies Co. (NASDAQ:AIRJ) 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 trading volume of 73,100 shares, the days-to-cover ratio is presently 3.8 days. Currently, 1.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright assumed coverage on shares of Montana Technologies in a report on Friday, December 20th. They set a “buy” rating and a $12.00 price target on the stock.

Institutional Trading of Montana Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in Montana Technologies in the 2nd quarter worth approximately $81,000. HighTower Advisors LLC bought a new position in shares of Montana Technologies during the third quarter worth $342,000. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 8,714 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Montana Technologies in the 3rd quarter valued at $508,000. Finally, Geode Capital Management LLC lifted its stake in Montana Technologies by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock worth $1,086,000 after purchasing an additional 4,905 shares in the last quarter. Institutional investors own 63.65% of the company’s stock.

Montana Technologies Trading Up 14.1 %

AIRJ stock traded up $1.23 during trading on Friday, reaching $9.93. The company’s stock had a trading volume of 164,976 shares, compared to its average volume of 78,798. The company’s fifty day moving average is $7.71 and its 200-day moving average is $8.00. Montana Technologies has a 1 year low of $4.94 and a 1 year high of $49.11.

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.