Short Interest in AirJoule Technologies Corporation (NASDAQ:AIRJ) Rises By 25.4%

AirJoule Technologies Corporation (NASDAQ:AIRJ) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 1,602,194 shares, an increase of 25.4% from the January 15th total of 1,277,471 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average trading volume of 754,532 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 754,532 shares, the short-interest ratio is presently 2.1 days. Currently, 4.4% of the company’s stock are sold short.

AirJoule Technologies Price Performance

Shares of NASDAQ AIRJ opened at $3.22 on Monday. The firm has a market capitalization of $195.39 million, a PE ratio of -21.47 and a beta of 0.45. AirJoule Technologies has a 1-year low of $2.61 and a 1-year high of $8.45. The business’s fifty day moving average price is $3.55 and its two-hundred day moving average price is $4.25.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. Equities research analysts expect that AirJoule Technologies will post 4.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AIRJ. Lucid Cap Mkts upgraded AirJoule Technologies to a “strong-buy” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a report on Monday, December 29th. UBS Group set a $7.00 target price on shares of AirJoule Technologies in a research note on Monday, December 22nd. Finally, LADENBURG THALM/SH SH initiated coverage on shares of AirJoule Technologies in a research report on Tuesday, December 16th. They issued a “buy” rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Insiders Place Their Bets

In other news, Director Stuart D. Porter purchased 264,150 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $2.95 per share, for a total transaction of $779,242.50. Following the completion of the purchase, the director owned 623,033 shares of the company’s stock, valued at approximately $1,837,947.35. This trade represents a 73.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Patrick C. Eilers acquired 76,923 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average cost of $3.25 per share, with a total value of $249,999.75. Following the completion of the acquisition, the chairman owned 1,860,518 shares of the company’s stock, valued at $6,046,683.50. The trade was a 4.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 625,725 shares of company stock valued at $1,910,296 in the last ninety days. Corporate insiders own 40.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of AirJoule Technologies during the second quarter valued at approximately $29,000. Nisa Investment Advisors LLC acquired a new stake in AirJoule Technologies in the 2nd quarter valued at approximately $29,000. Raymond James Financial Inc. acquired a new stake in AirJoule Technologies in the 2nd quarter valued at approximately $31,000. Group One Trading LLC acquired a new stake in AirJoule Technologies in the 2nd quarter valued at approximately $42,000. Finally, Corton Capital Inc. bought a new stake in AirJoule Technologies during the 2nd quarter valued at $48,000. Institutional investors own 63.65% of the company’s stock.

About AirJoule 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.