Short Interest in Bluemount Holdings Limited (NASDAQ:BMHL) Increases By 93.6%

Bluemount Holdings Limited (NASDAQ:BMHLGet Free Report) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 6,976 shares, a growth of 93.6% from the January 29th total of 3,604 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,355 shares, the short-interest ratio is currently 3.0 days. Based on an average trading volume of 2,355 shares, the short-interest ratio is currently 3.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Bluemount

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

Bluemount Stock Performance

NASDAQ:BMHL opened at $3.75 on Friday. The company has a 50-day moving average of $3.63 and a 200-day moving average of $3.61. Bluemount has a twelve month low of $2.72 and a twelve month high of $4.49.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on BMHL

Bluemount Company Profile

(Get Free Report)

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.

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