Short Interest in Bluemount Holdings Limited (NASDAQ:BMHL) Rises By 91.9%

Bluemount Holdings Limited (NASDAQ:BMHL) saw a significant increase in short interest in the month of 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 5,018 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 5,018 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Bluemount Stock Down 5.3%

Shares of BMHL stock opened at $3.55 on Friday. Bluemount has a fifty-two week low of $2.72 and a fifty-two week high of $4.49. The company has a 50 day simple moving average of $3.55.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bluemount stock. Citadel Advisors LLC bought a new position in shares of Bluemount Holdings Limited (NASDAQ:BMHL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 58,467 shares of the company’s stock, valued at approximately $202,000. Citadel Advisors LLC owned approximately 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.