Montana Technologies (NASDAQ:AIRJ) Trading Up 6.3%

Montana Technologies Co. (NASDAQ:AIRJ) shares were up 6.3% during trading on Monday . The company traded as high as $11.14 and last traded at $11.05. Approximately 21,064 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 95,396 shares. The stock had previously closed at $10.40.

Montana Technologies Stock Up 0.1 %

The business’s 50-day moving average price is $11.96.

Montana Technologies (NASDAQ:AIRJ) last issued its earnings results on Monday, May 20th. The company reported ($0.28) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Montana Technologies

A hedge fund recently bought a new stake in Montana Technologies stock. K2 Principal Fund L.P. acquired a new stake in shares of Montana Technologies Co. (NASDAQ:AIRJ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 83,963 shares of the company’s stock, valued at approximately $948,000. K2 Principal Fund L.P. owned about 0.47% of Montana Technologies at the end of the most recent quarter. Institutional investors and hedge funds own 63.65% of the company’s 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.