Montana Technologies Co. (NASDAQ:AIRJ) Short Interest Up 6.8% in January

Montana Technologies Co. (NASDAQ:AIRJ) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 688,200 shares, a growth of 6.8% from the January 15th total of 644,400 shares. Based on an average daily volume of 91,800 shares, the short-interest ratio is presently 7.5 days. Approximately 3.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Montana Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC acquired a new position in Montana Technologies during the 3rd quarter worth approximately $508,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Montana Technologies by 14.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock worth $404,000 after acquiring an additional 8,714 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Montana Technologies during the 3rd quarter worth approximately $342,000. Geode Capital Management LLC boosted its stake in shares of Montana Technologies by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock worth $1,086,000 after acquiring an additional 4,905 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in shares of Montana Technologies by 19.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock worth $147,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 63.65% of the company’s stock.

Montana Technologies Stock Performance

Shares of AIRJ stock opened at $7.96 on Tuesday. Montana Technologies has a 52-week low of $4.94 and a 52-week high of $49.11. The stock’s 50-day moving average price is $8.63 and its 200 day moving average price is $7.42.

Analysts Set New Price Targets

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

About Montana Technologies

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.