AirJoule Technologies Corporation (NASDAQ:AIRJ) Sees Large Increase in Short Interest

AirJoule Technologies Corporation (NASDAQ:AIRJ) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,602,194 shares, an increase of 25.4% from the January 15th total of 1,277,471 shares. Based on an average trading volume of 754,532 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.4% of the shares of the company are short sold. Currently, 4.4% of the shares of the company are short sold. Based on an average trading volume of 754,532 shares, the days-to-cover ratio is presently 2.1 days.

AirJoule Technologies Trading Up 5.9%

Shares of AIRJ stock opened at $3.22 on Tuesday. The company has a market capitalization of $195.39 million, a price-to-earnings ratio of -21.47 and a beta of 0.45. The firm has a 50-day moving average price of $3.56 and a 200 day moving average price of $4.25. AirJoule Technologies has a twelve month low of $2.61 and a twelve month high of $8.45.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AIRJ. LADENBURG THALM/SH SH started coverage on shares of AirJoule Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $8.00 target price on the stock. UBS Group set a $7.00 target price on shares of AirJoule Technologies in a report on Monday, December 22nd. Lucid Cap Mkts upgraded shares of AirJoule Technologies to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.50.

Insider Transactions at AirJoule Technologies

In other AirJoule Technologies news, Chairman Patrick C. Eilers bought 76,923 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were bought at an average price of $3.25 per share, for a total transaction of $249,999.75. Following the transaction, the chairman owned 1,860,518 shares of the company’s stock, valued at approximately $6,046,683.50. This trade represents a 4.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stuart D. Porter bought 264,150 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average cost of $2.95 per share, with a total value of $779,242.50. Following the completion of the purchase, the director owned 623,033 shares in the company, valued at approximately $1,837,947.35. This represents a 73.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 625,725 shares of company stock worth $1,910,296 over the last ninety days. 40.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AirJoule Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Wealthspire Advisors LLC acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $232,000. Belvedere Trading LLC acquired a new stake in AirJoule Technologies during the 2nd quarter worth approximately $81,000. Corton Capital Inc. purchased a new position in AirJoule Technologies in the second quarter valued at approximately $48,000. Raymond James Financial Inc. acquired a new position in AirJoule Technologies during the second quarter valued at approximately $31,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in AirJoule Technologies during the second quarter worth approximately $54,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

AirJoule 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.