Montana Technologies Co. (NASDAQ:AIRJ) Short Interest Up 6.8% in January

Montana Technologies Co. (NASDAQ:AIRJ) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 688,200 shares, a growth of 6.8% from the January 15th total of 644,400 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average trading volume of 91,800 shares, the short-interest ratio is currently 7.5 days.

Hedge Funds Weigh In On Montana Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in Montana Technologies in the fourth quarter worth about $85,000. Bank of America Corp DE increased its stake in shares of Montana Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after acquiring an additional 11,064 shares during the period. Heritage Financial Services LLC acquired a new position in shares of Montana Technologies during the fourth quarter valued at approximately $99,000. Jane Street Group LLC acquired a new position in shares of Montana Technologies during the fourth quarter valued at approximately $117,000. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of Montana Technologies by 19.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock valued at $147,000 after acquiring an additional 3,000 shares during the period. 63.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Montana Technologies Trading Down 4.3 %

Shares of NASDAQ AIRJ opened at $7.96 on Tuesday. Montana Technologies has a 12-month low of $4.94 and a 12-month high of $49.11. The stock has a fifty day moving average price of $8.63 and a 200 day moving average price of $7.42.

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.