Bluemount Holdings Limited (NASDAQ:BMHL) Sees Large Decline in Short Interest

Key Points

• Bluemount Holdings Limited experienced a significant decline in short interest, dropping by 28.8% in September, with total short interest at 3,700 shares as of September 15th.
• The company's stock is currently trading at $3.45, down 6.8%, with a 52-week range between $3.37 and $4.49.
• Wall Street analysts have upgraded Bluemount's rating to a "hold," indicating a more neutral stance on the stock's potential performance.

Bluemount Holdings Limited (NASDAQ:BMHL - Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 3,700 shares, a decrease of 28.8% from the August 31st total of 5,200 shares. Based on an average daily trading volume, of 90,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 90,200 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Bluemount to a "hold" rating in a research note on Saturday, July 26th.

Bluemount Stock Down 6.8%

NASDAQ BMHL opened at $3.45 on Tuesday. Bluemount has a 52 week low of $3.37 and a 52 week high of $4.49. The business's 50 day moving average price is $3.86.

Bluemount Company Profile

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.

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