Bluemount Holdings Limited (NASDAQ:BMHL – Get 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:BMHL – Get 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
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:BMHL – Free 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
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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