Short Interest in Bluemount Holdings Limited (NASDAQ:BMHL) Drops By 36.4%

Bluemount Holdings Limited (NASDAQ:BMHL) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 6,463 shares, a decrease of 36.4% from the June 15th total of 10,169 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 5,650 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Bluemount

An institutional investor recently bought a new position in Bluemount stock. Citadel Advisors LLC purchased a new stake in Bluemount Holdings Limited (NASDAQ:BMHL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Bluemount Stock Performance

BMHL stock opened at $5.69 on Friday. The business has a fifty day simple moving average of $5.14 and a 200-day simple moving average of $4.13. Bluemount has a 52 week low of $2.72 and a 52 week high of $6.35.

Bluemount (NASDAQ:BMHL) last issued its earnings results on Monday, June 29th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $1.76 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bluemount in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

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.