AirJoule Technologies Corporation (NASDAQ:AIRJ) Short Interest Update

AirJoule Technologies Corporation (NASDAQ:AIRJ) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,525,437 shares, a growth of 14.1% from the March 31st total of 2,214,223 shares. Based on an average trading volume of 337,620 shares, the days-to-cover ratio is presently 7.5 days. Currently, 8.8% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

AIRJ has been the topic of a number of analyst reports. B. Riley Financial initiated coverage on shares of AirJoule Technologies in a research report on Thursday. They issued a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, AirJoule Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

AirJoule Technologies Trading Up 2.3%

Shares of AIRJ opened at $3.08 on Friday. The firm’s 50-day moving average price is $3.13 and its 200-day moving average price is $3.65. The firm has a market capitalization of $210.82 million, a price-to-earnings ratio of -22.00 and a beta of 0.56. AirJoule Technologies has a 1-year low of $2.22 and a 1-year high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last announced its earnings results on Monday, March 30th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.28). On average, research analysts forecast that AirJoule Technologies will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On AirJoule Technologies

A number of large investors have recently modified their holdings of AIRJ. Vident Advisory LLC bought a new stake in shares of AirJoule Technologies during the 4th quarter valued at about $1,849,000. Geode Capital Management LLC boosted its stake in shares of AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after purchasing an additional 272,253 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of AirJoule Technologies by 417.1% during the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock valued at $1,133,000 after purchasing an additional 231,900 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of AirJoule Technologies by 160.9% during the 4th quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock valued at $1,241,000 after purchasing an additional 194,212 shares in the last quarter. Finally, GWN Securities Inc. bought a new stake in AirJoule Technologies during the fourth quarter worth about $604,000. 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.