Bluemount Holdings Limited (NASDAQ:BMHL) Short Interest Update

Bluemount Holdings Limited (NASDAQ:BMHL) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 6,976 shares, a growth of 93.6% from the January 29th total of 3,604 shares. Based on an average daily volume of 2,355 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,355 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Investors Weigh In On Bluemount

An institutional investor recently bought a new position in Bluemount stock. Citadel Advisors LLC bought a new stake in Bluemount Holdings Limited (NASDAQ:BMHL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 58,467 shares of the company’s stock, valued at approximately $202,000. Citadel Advisors LLC owned approximately 0.23% of Bluemount as of its most recent SEC filing.

Bluemount Price Performance

Shares of BMHL stock opened at $3.75 on Friday. Bluemount has a 12-month low of $2.72 and a 12-month high of $4.49. The business has a 50 day simple moving average of $3.63 and a 200 day simple moving average of $3.61.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Bluemount in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Bluemount presently has an average rating of “Sell”.

Bluemount Company Profile

Bluemount, Inc is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company and listed on the Nasdaq Stock Market under the ticker symbol BMHL. As a blank check company, Bluemount has no ongoing commercial operations and was formed to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination.

Following its public listing, Bluemount holds its proceeds in a trust account until it identifies and completes a business combination with one or more target companies.