Bluemount Holdings Limited (NASDAQ:BMHL) Sees Significant Decrease in Short Interest

Bluemount Holdings Limited (NASDAQ:BMHLGet Free Report) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 6,463 shares, a drop of 36.4% from the June 15th total of 10,169 shares. Based on an average daily trading volume, of 5,650 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.0% of the shares of the company are short sold.

Bluemount Stock Performance

BMHL stock traded up $0.04 during mid-day trading on Friday, reaching $5.80. 5,921 shares of the company’s stock were exchanged, compared to its average volume of 1,834. Bluemount has a 12-month low of $2.72 and a 12-month high of $6.35. The stock’s 50 day moving average is $5.10 and its 200 day moving average is $4.12.

Bluemount (NASDAQ:BMHLGet Free Report) last released its earnings results on Monday, June 29th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $1.76 million for the quarter.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on Bluemount

Hedge Funds Weigh In On Bluemount

An institutional investor recently bought a new position in Bluemount stock. Citadel Advisors LLC bought a new position in Bluemount Holdings Limited (NASDAQ:BMHLFree Report) in the third quarter, according to its most recent disclosure with the SEC. The firm 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.

About Bluemount

(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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