Bluemount Holdings Limited’s (NASDAQ:BMHL) Lock-Up Period Will End on January 7th

Bluemount’s (NASDAQ:BMHL) lock-up period will expire on Wednesday, January 7th. Bluemount had issued 1,375,000 shares in its public offering on July 11th. The total size of the offering was $5,500,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

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

Bluemount Price Performance

Bluemount stock opened at $3.50 on Wednesday. The stock’s fifty day moving average price is $3.44. Bluemount has a 12-month low of $2.72 and a 12-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 purchased a new stake in Bluemount Holdings Limited (NASDAQ:BMHL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 58,467 shares of the company’s stock, valued at approximately $202,000. Citadel Advisors LLC owned approximately 0.23% of Bluemount as of its most recent SEC filing.

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.