Montana Technologies Co. (NASDAQ:AIRJ – Get Free Report) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 589,000 shares, a growth of 109.5% from the December 15th total of 281,100 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 83,000 shares, the short-interest ratio is presently 7.1 days.
Montana Technologies Price Performance
Shares of NASDAQ AIRJ opened at $7.96 on Wednesday. The firm has a 50-day moving average of $8.17 and a two-hundred day moving average of $7.80. Montana Technologies has a twelve month low of $4.94 and a twelve month high of $49.11.
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 shares of Montana Technologies in the second quarter valued at $81,000. Charles Schwab Investment Management Inc. raised its position in shares of Montana Technologies by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock worth $404,000 after purchasing an additional 8,714 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Montana Technologies during the third quarter valued at $342,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Montana Technologies in the 3rd quarter valued at $508,000. Finally, Geode Capital Management LLC increased 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. 63.65% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
View Our Latest Report on Montana Technologies
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.
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