AirJoule Technologies Corporation (NASDAQ:AIRJ) Short Interest Up 28.1% in March

Key Points

• Short interest surged 28.1% in March to 2,214,223 shares, equal to 8.7% of the float and a short-interest ratio of 4.9 days based on average daily volume.
• AirJoule missed quarterly estimates, reporting a ($0.37) EPS versus a ($0.09) consensus, yet analysts maintain a moderate buy consensus with an average price target of $7.50 amid mixed firm views.
• Institutional investors hold 63.65% of the stock with several firms (Bank of America, Goldman, Jane Street, Geode) recently increasing stakes, while the stock trades near $2.99 with a market cap of about $205M and a 12‑month range of $2.22–$6.75.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,214,223 shares, a growth of 28.1% from the March 15th total of 1,728,799 shares. Currently, 8.7% of the company's shares are sold short. Based on an average daily volume of 455,511 shares, the short-interest ratio is currently 4.9 days.

Institutional Trading of AirJoule Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of AIRJ. Bank of America Corp DE increased its stake in AirJoule Technologies by 8,851.2% during the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock valued at $89,000 after purchasing an additional 11,064 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in AirJoule Technologies by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company's stock valued at $393,000 after purchasing an additional 26,995 shares in the last quarter. Jane Street Group LLC increased its stake in AirJoule Technologies by 103.2% during the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company's stock valued at $138,000 after purchasing an additional 15,212 shares in the last quarter. Geode Capital Management LLC increased its stake in AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company's stock valued at $2,395,000 after purchasing an additional 272,253 shares in the last quarter. Finally, Creative Planning bought a new stake in AirJoule Technologies during the 2nd quarter valued at $441,000. Institutional investors own 63.65% of the company's stock.

AirJoule Technologies Stock Down 1.0%

NASDAQ:AIRJ opened at $2.99 on Thursday. The company has a fifty day moving average of $3.13 and a 200-day moving average of $3.78. The firm has a market capitalization of $204.66 million, a P/E ratio of -21.36 and a beta of 0.56. AirJoule Technologies has a twelve month low of $2.22 and a twelve month high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last released its quarterly earnings data on Monday, March 30th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.28). On average, analysts anticipate that AirJoule Technologies will post 4.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AIRJ. UBS Group set a $7.00 price target on shares of AirJoule Technologies in a research report on Monday, December 22nd. Lucid Cap Mkts upgraded shares of AirJoule Technologies to a "strong-buy" rating in a research note on Monday, December 22nd. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of AirJoule Technologies in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, AirJoule Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $7.50.

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.

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