Montana Technologies Co. (NASDAQ:AIRJ – Get Free Report) saw a significant 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 daily volume of 83,000 shares, the short-interest ratio is currently 7.1 days. Currently, 2.8% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, HC Wainwright began coverage on Montana Technologies in a research report on Friday, December 20th. They issued a “buy” rating and a $12.00 price target on the stock.
Get Our Latest Stock Analysis on AIRJ
Montana Technologies Stock Performance
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after acquiring an additional 4,905 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Montana Technologies in the third quarter valued at about $508,000. Charles Schwab Investment Management Inc. grew its position 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 valued at $404,000 after acquiring an additional 8,714 shares during the last quarter. HighTower Advisors LLC bought a new position in Montana Technologies in the third quarter valued at about $342,000. Finally, U.S. Capital Wealth Advisors LLC grew its position in Montana Technologies by 19.4% in 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 last quarter. Institutional investors own 63.65% of the company’s stock.
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.
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