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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