Montana Technologies Co. (NASDAQ:AIRJ) Short Interest Up 7.6% in October

Montana Technologies Co. (NASDAQ:AIRJ) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 232,700 shares, a growth of 7.6% from the October 15th total of 216,200 shares. Based on an average trading volume of 44,200 shares, the short-interest ratio is presently 5.3 days. Currently, 1.4% of the company’s shares are short sold.

Montana Technologies Stock Performance

Shares of AIRJ stock opened at $7.38 on Monday. The company’s 50-day simple moving average is $6.08 and its two-hundred day simple moving average is $8.87. Montana Technologies has a one year low of $4.94 and a one year high of $49.11.

Montana Technologies (NASDAQ:AIRJ) last released its quarterly earnings data on Thursday, August 22nd. The company reported $0.24 EPS for the quarter.

Insider Buying and Selling

In other Montana Technologies news, major shareholder John Yogi Spence bought 11,765 shares of Montana Technologies stock in a transaction on Wednesday, September 18th. The shares were acquired at an average price of $8.50 per share, for a total transaction of $100,002.50. Following the completion of the purchase, the insider now directly owns 61,666 shares in the company, valued at approximately $524,161. This trade represents a 23.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 40.39% of the stock is owned by corporate insiders.

Institutional Trading of Montana Technologies

Several institutional investors and hedge funds have recently made changes to their positions in AIRJ. Geode Capital Management LLC increased its position in Montana Technologies by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after purchasing an additional 4,905 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Montana Technologies during the third quarter valued at approximately $508,000. K2 Principal Fund L.P. purchased a new position in Montana Technologies during the first quarter valued at approximately $948,000. Charles Schwab Investment Management Inc. increased its holdings in Montana Technologies by 14.3% during the third 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 during the period. Finally, HighTower Advisors LLC bought a new position in Montana Technologies in the third quarter worth approximately $342,000. 63.65% of the stock is currently owned by institutional investors.

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.