Bluemount Holdings Limited (NASDAQ:BMHL) Short Interest Update

Bluemount Holdings Limited (NASDAQ:BMHL) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 6,976 shares, an increase of 93.6% from the January 29th total of 3,604 shares. Based on an average daily volume of 2,355 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,355 shares, the days-to-cover ratio is presently 3.0 days.

Bluemount Price Performance

BMHL stock opened at $3.75 on Friday. The stock has a 50-day moving average price of $3.63 and a two-hundred day moving average price of $3.61. Bluemount has a 12-month low of $2.72 and a 12-month high of $4.49.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Bluemount

A hedge fund recently bought a new stake in Bluemount stock. Citadel Advisors LLC purchased a new position in Bluemount Holdings Limited (NASDAQ:BMHL) in the third quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

About Bluemount

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.