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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in Montana Technologies during the second quarter worth $81,000. HighTower Advisors LLC bought a new stake in shares of Montana Technologies during the 3rd quarter worth about $342,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Montana Technologies by 14.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock valued at $404,000 after acquiring an additional 8,714 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Montana Technologies in the 3rd quarter valued at approximately $508,000. Finally, Geode Capital Management LLC lifted its holdings 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 during the last quarter. Institutional investors own 63.65% of the company’s stock.

Montana Technologies Stock Up 5.3 %

Shares of AIRJ opened at $8.38 on Thursday. The firm’s 50 day moving average price is $8.21 and its 200 day moving average price is $7.78. Montana Technologies has a twelve month low of $4.94 and a twelve month high of $49.11.

Analysts Set New Price Targets

Separately, HC Wainwright initiated coverage on Montana Technologies in a research note on Friday, December 20th. They issued a “buy” rating and a $12.00 target price on the 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.