Montana Technologies Co. (NASDAQ:AIRJ) Short Interest Update

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

Montana Technologies Stock Down 4.3 %

Shares of AIRJ stock opened at $7.96 on Friday. The stock has a 50 day simple moving average of $8.64 and a 200-day simple moving average of $7.44. Montana Technologies has a 1-year low of $4.94 and a 1-year high of $49.11.

Wall Street Analyst Weigh In

Separately, HC Wainwright initiated coverage on shares of Montana Technologies in a research note on Friday, December 20th. They set a “buy” rating and a $12.00 price objective for the company.

Institutional Trading of Montana Technologies

Several large investors have recently added to or reduced their stakes in AIRJ. Heritage Financial Services LLC purchased a new position in Montana Technologies during the 4th quarter valued at about $99,000. Jane Street Group LLC acquired a new stake in Montana Technologies in the 4th quarter valued at about $117,000. U.S. Capital Wealth Advisors LLC raised its position in Montana Technologies by 19.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock valued at $147,000 after purchasing an additional 3,000 shares in the last quarter. Northern Trust Corp raised its position in Montana Technologies by 24.9% in the 4th quarter. Northern Trust Corp now owns 35,858 shares of the company’s stock valued at $286,000 after purchasing an additional 7,150 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Montana Technologies in the 3rd quarter valued at about $342,000. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

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.