Bluemount Holdings Limited (NASDAQ:BMHL) Sees Significant Decrease in Short Interest

Bluemount Holdings Limited (NASDAQ:BMHL) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,700 shares, a drop of 28.8% from the August 31st total of 5,200 shares. Based on an average daily volume of 90,200 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 90,200 shares, the short-interest ratio is presently 0.0 days.

Bluemount Price Performance

Shares of Bluemount stock opened at $3.87 on Thursday. The stock’s 50-day simple moving average is $3.84. Bluemount has a 1-year low of $3.37 and a 1-year high of $4.49.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings assumed coverage on Bluemount in a report on Wednesday. They set a “sell (e-)” rating for the company. Wall Street Zen upgraded Bluemount to a “hold” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Bluemount

We, through our operating subsidiaries, are a Hong Kong-based consulting and advisory and financial services provider, as well as trader of commodities such as luxury timepieces. For the six months ended September 30, 2024, approximately 70.92% of our total revenue was derived from provision of consulting and advisory services, approximately 26.08% was derived from trading of commodities such as luxury timepieces and approximately 3.00% derived from financial services.