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

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

Bluemount Price Performance

NASDAQ BMHL opened at $3.55 on Friday. The business’s fifty day simple moving average is $3.55. Bluemount has a twelve month low of $2.72 and a twelve month high of $4.49.

Institutional Investors Weigh In On Bluemount

A hedge fund recently bought a new stake in Bluemount stock. Citadel Advisors LLC acquired a new position in Bluemount Holdings Limited (NASDAQ:BMHL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 Securities and Exchange Commission.

Analysts Set New Price Targets

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