AirJoule Technologies Corporation (NASDAQ:AIRJ) Short Interest Update

AirJoule Technologies Corporation (NASDAQ:AIRJ) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,277,471 shares, a drop of 16.3% from the December 31st total of 1,526,643 shares. Based on an average daily volume of 618,184 shares, the short-interest ratio is presently 2.1 days. Approximately 3.5% of the shares of the stock are sold short. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 618,184 shares, the short-interest ratio is presently 2.1 days.

AirJoule Technologies Price Performance

AirJoule Technologies stock opened at $3.22 on Monday. AirJoule Technologies has a 12-month low of $2.61 and a 12-month high of $9.15. The company has a market capitalization of $195.39 million, a price-to-earnings ratio of -21.47 and a beta of 0.45. The firm’s fifty day moving average price is $3.53 and its 200 day moving average price is $4.34.

AirJoule Technologies (NASDAQ:AIRJ) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. Analysts forecast that AirJoule Technologies will post 4.97 earnings per share for the current fiscal year.

Insider Activity at AirJoule Technologies

In other news, Chairman Patrick C. Eilers purchased 76,923 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were acquired at an average price of $3.25 per share, with a total value of $249,999.75. Following the purchase, the chairman directly owned 1,860,518 shares of the company’s stock, valued at $6,046,683.50. The trade was a 4.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stuart D. Porter bought 153,846 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were purchased at an average price of $3.25 per share, for a total transaction of $499,999.50. Following the completion of the transaction, the director owned 776,879 shares of the company’s stock, valued at $2,524,856.75. This represents a 24.69% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 625,725 shares of company stock worth $1,910,296 over the last 90 days. Company insiders own 40.39% of the company’s stock.

Institutional Trading of AirJoule Technologies

Hedge funds have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey acquired a new stake in AirJoule Technologies in the second quarter worth $29,000. Nisa Investment Advisors LLC bought a new position in shares of AirJoule Technologies during the second quarter worth about $29,000. Raymond James Financial Inc. acquired a new stake in shares of AirJoule Technologies in the 2nd quarter worth about $31,000. Group One Trading LLC bought a new stake in AirJoule Technologies in the 2nd quarter valued at about $42,000. Finally, Corton Capital Inc. bought a new stake in AirJoule Technologies in the 2nd quarter valued at about $48,000. Institutional investors own 63.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. LADENBURG THALM/SH SH started coverage on AirJoule Technologies in a research note on Tuesday, December 16th. They set a “buy” rating and a $8.00 price target on the stock. Lucid Cap Mkts upgraded AirJoule Technologies to a “strong-buy” rating in a research report on Monday, December 22nd. UBS Group set a $7.00 price target on AirJoule Technologies in a research note on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

About AirJoule Technologies

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.