Short Interest in Bluemount Holdings Limited (NASDAQ:BMHL) Drops By 45.8%

Bluemount Holdings Limited (NASDAQ:BMHL) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 1,153 shares, a decrease of 45.8% from the November 30th total of 2,127 shares. Based on an average daily volume of 3,273 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,273 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Bluemount in a research report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bluemount stock. Citadel Advisors LLC acquired a new position in shares of Bluemount Holdings Limited (NASDAQ:BMHL) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 58,467 shares of the company’s stock, valued at approximately $202,000. Citadel Advisors LLC owned approximately 0.23% of Bluemount at the end of the most recent quarter.

Bluemount Stock Performance

Bluemount stock opened at $3.38 on Friday. The company has a fifty day moving average of $3.43. Bluemount has a 1 year low of $2.72 and a 1 year high of $4.49.

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.