Montana Technologies Co. (NASDAQ:AIRJ) Short Interest Up 19.8% in December

Montana Technologies Co. (NASDAQ:AIRJ) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 281,100 shares, an increase of 19.8% from the November 30th total of 234,600 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 73,100 shares, the short-interest ratio is presently 3.8 days.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright initiated coverage on Montana Technologies in a research note on Friday, December 20th. They issued a “buy” rating and a $12.00 price target on the stock.

Institutional Investors Weigh In On Montana Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC purchased a new stake in shares of Montana Technologies in the third quarter valued at about $508,000. HighTower Advisors LLC bought a new stake in shares of Montana Technologies in the 3rd quarter worth approximately $342,000. Charles Schwab Investment Management Inc. increased 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 worth $404,000 after buying an additional 8,714 shares during the last quarter. Quarry LP bought a new stake in shares of Montana Technologies in the second quarter valued at $81,000. Finally, Geode Capital Management LLC lifted its position in shares of 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 buying an additional 4,905 shares during the last quarter. 63.65% of the stock is owned by institutional investors.

Montana Technologies Price Performance

AIRJ stock opened at $8.44 on Tuesday. Montana Technologies has a 1 year low of $4.94 and a 1 year high of $49.11. The company’s 50-day moving average is $7.71 and its 200-day moving average is $7.99.

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.