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

Bluemount Holdings Limited (NASDAQ:BMHL) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,153 shares, a decrease of 45.8% from the November 30th total of 2,127 shares. Based on an average daily volume of 3,273 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,273 shares, the days-to-cover ratio is currently 0.4 days.

Bluemount Stock Performance

NASDAQ:BMHL opened at $3.38 on Monday. Bluemount has a 52 week low of $2.72 and a 52 week high of $4.49. The company has a fifty day moving average price of $3.43.

Institutional Investors Weigh In On Bluemount

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of Bluemount in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Bluemount

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.