Black Mountain Acquisition Corp. (NYSE:BMAC – Get Rating) saw a large decline in short interest in December. As of December 30th, there was short interest totalling 1,800 shares, a decline of 64.0% from the December 15th total of 5,000 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 35,500 shares, the days-to-cover ratio is presently 0.1 days.

Black Mountain Acquisition Stock Performance

Shares of NYSE:BMAC traded up $0.01 during mid-day trading on Friday, hitting $10.27. The company had a trading volume of 100 shares, compared to its average volume of 32,008. The firm has a fifty day moving average price of $10.15 and a 200 day moving average price of $10.06. Black Mountain Acquisition has a one year low of $9.83 and a one year high of $10.28.

Institutional Trading of Black Mountain Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of BMAC. Bank of Montreal Can increased its stake in Black Mountain Acquisition by 81.1% during the 2nd quarter. Bank of Montreal Can now owns 1,720,411 shares of the company's stock valued at $17,204,000 after purchasing an additional 770,411 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Black Mountain Acquisition during the 1st quarter worth $2,433,000. Millennium Management LLC purchased a new position in Black Mountain Acquisition during the 2nd quarter worth $1,062,000. Mint Tower Capital Management B.V. purchased a new position in Black Mountain Acquisition during the 3rd quarter worth $685,000. Finally, Royal Bank of Canada boosted its holdings in Black Mountain Acquisition by 1,122.5% during the 1st quarter. Royal Bank of Canada now owns 59,901 shares of the company's stock worth $595,000 after acquiring an additional 55,001 shares during the last quarter. Institutional investors own 70.69% of the company's stock.

Black Mountain Acquisition Company Profile

Black Mountain Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Worth, Texas.

Featured Articles

• Get a free copy of the StockNews.com research report on Black Mountain Acquisition (BMAC)
• Does Old Dominion Show That Trucking Is Hitting The Brakes?
• Nordstrom Puts Fear Of Markdowns Into Retail Sector
• Exxon Mobil Stock: Within Striking Distance Of Buy Point
• High-Dividend-Yielding BHP Sees China Driving '23 Growth
• Is Airbnb Setting Up To Rally 38%, As Analysts Are Forecasting?

Receive News & Ratings for Black Mountain Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Black Mountain Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.