Montana Technologies Co. (NASDAQ:AIRJ) Short Interest Up 109.5% in January

Montana Technologies Co. (NASDAQ:AIRJ) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 589,000 shares, an increase of 109.5% from the December 31st total of 281,100 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 83,000 shares, the days-to-cover ratio is presently 7.1 days.

Institutional Trading of Montana Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in Montana Technologies during the second quarter worth about $81,000. Heritage Financial Services LLC acquired a new position in Montana Technologies during the 4th quarter worth approximately $99,000. U.S. Capital Wealth Advisors LLC lifted its stake 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 during the last quarter. HighTower Advisors LLC acquired a new stake in Montana Technologies in the third quarter valued at approximately $342,000. Finally, Charles Schwab Investment Management Inc. grew its stake 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 buying an additional 8,714 shares during the last quarter. 63.65% of the stock is currently owned by institutional investors.

Montana Technologies Stock Performance

NASDAQ AIRJ opened at $8.10 on Friday. Montana Technologies has a fifty-two week low of $4.94 and a fifty-two week high of $49.11. The business has a fifty day moving average price of $8.57 and a two-hundred day moving average price of $7.62.

Analyst Upgrades and Downgrades

Separately, HC Wainwright started coverage on shares of Montana Technologies in a research report on Friday, December 20th. They issued a “buy” rating and a $12.00 target price for the company.

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.