Bluemount Holdings Limited (NASDAQ:BMHL) Short Interest Down 35.1% in September

Key Points

• Bluemount Holdings Limited experienced a significant decline in short interest, down 35.1% in September, resulting in a total of 2,400 shares shorted by the end of the month.
• The company's stock rose 1.8% recently, trading at $3.40 with a 52-week range between $3.08 and $4.49.
• Analysts have a consensus rating of "Sell" for Bluemount, with Weiss Ratings issuing a new "sell" rating and Wall Street Zen upgrading the stock to a "hold."

Bluemount Holdings Limited (NASDAQ:BMHL - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,400 shares, a decline of 35.1% from the September 15th total of 3,700 shares. Based on an average daily volume of 76,300 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 76,300 shares, the days-to-cover ratio is currently 0.0 days.

Bluemount Trading Up 1.8%

Shares of NASDAQ:BMHL traded up $0.06 during midday trading on Wednesday, hitting $3.40. The stock had a trading volume of 25,966 shares, compared to its average volume of 4,435. The stock has a 50-day moving average price of $3.73. Bluemount has a fifty-two week low of $3.08 and a fifty-two week high of $4.49.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings assumed coverage on Bluemount in a research note on Wednesday, October 8th. They issued a "sell (e-)" rating for the company. Wall Street Zen raised shares of Bluemount to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bluemount presently has a consensus rating of "Sell".

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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