Montana Technologies Co. (NASDAQ:AIRJ) Short Interest Down 9.8% in September

Montana Technologies Co. (NASDAQ:AIRJ) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 224,100 shares, a decrease of 9.8% from the September 15th total of 248,400 shares. Based on an average trading volume of 44,700 shares, the days-to-cover ratio is currently 5.0 days. Currently, 1.2% of the shares of the stock are sold short.

Montana Technologies Stock Performance

Shares of NASDAQ:AIRJ opened at $5.82 on Thursday. The firm has a fifty day moving average price of $6.41 and a 200 day moving average price of $9.58. Montana Technologies has a fifty-two week low of $4.94 and a fifty-two week high of $49.11.

Montana Technologies (NASDAQ:AIRJ) last issued its earnings results on Thursday, August 22nd. The company reported $0.24 earnings per share for the quarter.

Institutional Investors Weigh In On Montana Technologies

Hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new stake in Montana Technologies during the second quarter valued at $81,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Montana Technologies in the second quarter valued at $160,000. Finally, K2 Principal Fund L.P. bought a new position in shares of Montana Technologies in the first quarter worth about $948,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

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.