Bluemount Holdings Limited (NASDAQ:BMHL) Short Interest Update

Bluemount Holdings Limited (NASDAQ:BMHL) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 2,218 shares, an increase of 91.9% from the December 31st total of 1,156 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,018 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 5,018 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

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

Bluemount Stock Performance

Bluemount stock traded up $0.05 during trading on Friday, hitting $3.60. The company had a trading volume of 16,421 shares, compared to its average volume of 3,560. Bluemount has a 1-year low of $2.72 and a 1-year high of $4.49. The company has a 50 day simple moving average of $3.56.

Institutional Trading of Bluemount

An institutional investor recently bought a new position in Bluemount stock. Citadel Advisors LLC purchased a new position in shares of 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 purchased 58,467 shares of the company’s stock, valued at approximately $202,000. Citadel Advisors LLC owned 0.23% of Bluemount at the end of the most recent reporting period.

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.