Black Mountain Acquisition Corp. (NYSE:BMAC – Get Rating) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,500 shares, an increase of 66.7% from the September 15th total of 900 shares. Based on an average trading volume of 58,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are sold short.
Black Mountain Acquisition Price Performance
Shares of NYSE BMAC opened at $10.03 on Friday. Black Mountain Acquisition has a 1 year low of $9.76 and a 1 year high of $10.06. The stock's 50-day simple moving average is $10.01 and its 200-day simple moving average is $9.97.
Get Black Mountain Acquisition alerts:Institutional Trading of Black Mountain Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Centiva Capital LP purchased a new stake in shares of Black Mountain Acquisition during the second quarter worth about $102,000. Dark Forest Capital Management LP increased its holdings in Black Mountain Acquisition by 227.3% in the second quarter. Dark Forest Capital Management LP now owns 16,893 shares of the company's stock valued at $168,000 after buying an additional 11,731 shares during the last quarter. Granby Capital Management LLC bought a new stake in Black Mountain Acquisition in the first quarter valued at about $248,000. Lynwood Capital Management Inc. bought a new stake in Black Mountain Acquisition in the second quarter valued at about $249,000. Finally, OTA Financial Group L.P. bought a new stake in Black Mountain Acquisition in the second quarter valued at about $251,000. 70.34% of the stock is owned by hedge funds and other institutional investors.
Black Mountain Acquisition Company Profile
(Get Rating)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.
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