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

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Montana Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC purchased a new position in shares of Montana Technologies during the third quarter worth about $508,000. HighTower Advisors LLC purchased a new position in Montana Technologies in the 3rd quarter worth approximately $342,000. Heritage Financial Services LLC bought a new position in shares of Montana Technologies in the 4th quarter worth $99,000. Charles Schwab Investment Management Inc. raised its position 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 buying an additional 8,714 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Montana Technologies during the 2nd quarter worth $81,000. Institutional investors own 63.65% of the company’s stock.

Montana Technologies Trading Up 2.1 %

Shares of AIRJ opened at $7.87 on Thursday. Montana Technologies has a twelve month low of $4.94 and a twelve month high of $49.11. The business’s 50-day moving average price is $8.57 and its 200-day moving average price is $7.62.

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.