Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 748,500 shares, a drop of 15.3% from the April 30th total of 883,900 shares. Based on an average trading volume of 84,300 shares, the short-interest ratio is currently 8.9 days. Approximately 3.3% of the company's stock are short sold.
Montana Technologies Stock Performance
Shares of AIRJ stock traded up $0.19 during mid-day trading on Friday, hitting $4.24. 62,367 shares of the stock were exchanged, compared to its average volume of 74,452. Montana Technologies has a 12-month low of $3.74 and a 12-month high of $13.50. The stock has a market capitalization of $237.43 million, a price-to-earnings ratio of 5.81 and a beta of 0.34. The stock's fifty day simple moving average is $4.65 and its two-hundred day simple moving average is $6.90.
Montana Technologies (NASDAQ:AIRJ - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. On average, research analysts expect that Montana Technologies will post 4.97 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Montana Technologies
A number of institutional investors have recently modified their holdings of AIRJ. Y Intercept Hong Kong Ltd acquired a new stake in Montana Technologies during the 1st quarter worth $46,000. Millennium Management LLC purchased a new stake in shares of Montana Technologies in the fourth quarter valued at about $85,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Montana Technologies during the first quarter worth about $50,000. Bank of America Corp DE grew its holdings in shares of Montana Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock worth $89,000 after buying an additional 11,064 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Montana Technologies in the 4th quarter valued at about $117,000. 63.65% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AIRJ has been the subject of a number of research analyst reports. Alliance Global Partners assumed coverage on Montana Technologies in a report on Monday, February 24th. They issued a "buy" rating and a $11.00 price target for the company. HC Wainwright restated a "buy" rating and issued a $12.00 target price on shares of Montana Technologies in a report on Thursday, March 27th.
Check Out Our Latest Stock Analysis on AIRJ
Montana Technologies Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider AirJoule Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AirJoule Technologies wasn't on the list.
While AirJoule Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
