Everest Consolidator Acquisition Co. (NYSE:MNTN – Get Rating) saw a large decline in short interest in December. As of December 30th, there was short interest totalling 1,000 shares, a decline of 80.0% from the December 15th total of 5,000 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Everest Consolidator Acquisition

A hedge fund recently bought a new stake in Everest Consolidator Acquisition stock. Marshall Wace LLP acquired a new position in shares of Everest Consolidator Acquisition Co. (NYSE:MNTN – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,648 shares of the company's stock, valued at approximately $198,000. Marshall Wace LLP owned approximately 0.09% of Everest Consolidator Acquisition as of its most recent filing with the Securities & Exchange Commission. 67.01% of the stock is currently owned by hedge funds and other institutional investors.

Everest Consolidator Acquisition Stock Performance

Shares of Everest Consolidator Acquisition stock remained flat at $10.26 on Tuesday. The stock had a trading volume of 1 shares, compared to its average volume of 11,302. Everest Consolidator Acquisition has a 1-year low of $9.80 and a 1-year high of $10.28. The stock's fifty day moving average is $10.18 and its 200 day moving average is $10.09.

About Everest Consolidator Acquisition

Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to acquire assets and businesses or entities through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. It focuses on identifying businesses in the wealth management industry.

Further Reading

• Get a free copy of the StockNews.com research report on Everest Consolidator Acquisition (MNTN)
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