Short Interest in Montana Technologies Co. (NASDAQ:AIRJ) Declines By 5.8%

Montana Technologies Co. (NASDAQ:AIRJ) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 250,500 shares, a decline of 5.8% from the July 15th total of 266,000 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 87,900 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of Montana Technologies

A number of institutional investors have recently made changes to their positions in AIRJ. K2 Principal Fund L.P. acquired a new stake in Montana Technologies in the 1st quarter valued at $948,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of Montana Technologies in the 2nd quarter valued at about $160,000. Finally, Quarry LP acquired a new stake in shares of Montana Technologies in the second quarter valued at about $81,000. Institutional investors own 63.65% of the company’s stock.

Montana Technologies Stock Down 6.4 %

AIRJ stock opened at $7.37 on Wednesday. Montana Technologies has a fifty-two week low of $7.25 and a fifty-two week high of $49.11. The stock’s 50-day moving average price is $10.08.

Montana Technologies (NASDAQ:AIRJ) last released its earnings results on Monday, May 20th. The company reported ($0.28) EPS for the quarter.

Montana Technologies Company Profile

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.