Short Interest in Montana Technologies Co. (NASDAQ:AIRJ) Grows By 109.5%

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

Montana Technologies Stock Performance

NASDAQ AIRJ opened at $7.87 on Tuesday. Montana Technologies has a 1-year low of $4.94 and a 1-year high of $49.11. The business has a 50 day simple moving average of $8.17 and a two-hundred day simple moving average of $7.80.

Institutional Investors Weigh In On Montana Technologies

Several institutional investors have recently modified their holdings of AIRJ. Geode Capital Management LLC grew its stake in shares of Montana Technologies by 2.7% during the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after buying an additional 4,905 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Montana Technologies during the 3rd quarter valued at $508,000. HighTower Advisors LLC bought a new position in Montana Technologies in the 3rd quarter valued at $342,000. Charles Schwab Investment Management Inc. increased its stake in Montana Technologies by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock worth $404,000 after purchasing an additional 8,714 shares during the period. Finally, Quarry LP bought a new stake in shares of Montana Technologies during the second quarter worth $81,000. 63.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright assumed coverage on Montana Technologies in a research report on Friday, December 20th. They set a “buy” rating and a $12.00 price objective 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.