Short Interest in Bluemount Holdings Limited (NASDAQ:BMHL) Expands By 93.6%

Bluemount Holdings Limited (NASDAQ:BMHL) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 6,976 shares, an increase of 93.6% from the January 29th total of 3,604 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,355 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily trading volume, of 2,355 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.0% of the shares of the stock are short sold.

Bluemount Price Performance

Shares of NASDAQ:BMHL opened at $3.75 on Monday. The company’s fifty day moving average is $3.63 and its two-hundred day moving average is $3.60. Bluemount has a 12-month low of $2.72 and a 12-month high of $4.49.

Hedge Funds Weigh In On Bluemount

A hedge fund recently bought a new stake in Bluemount stock. Citadel Advisors LLC purchased a new position in Bluemount Holdings Limited (NASDAQ:BMHL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,467 shares of the company’s stock, valued at approximately $202,000. Citadel Advisors LLC owned approximately 0.23% of Bluemount at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of Bluemount in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bluemount currently has a consensus rating of “Sell”.

Bluemount Company Profile

Bluemount, Inc is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company and listed on the Nasdaq Stock Market under the ticker symbol BMHL. As a blank check company, Bluemount has no ongoing commercial operations and was formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination.

Following its public listing, Bluemount holds its proceeds in a trust account until it identifies and completes a business combination with one or more target companies.