Everest Consolidator Acquisition Co. (NYSE:MNTN) Sees Large Drop in Short Interest

Everest Consolidator Acquisition Co. (NYSE:MNTN) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 14,500 shares, a decrease of 39.1% from the November 15th total of 23,800 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 5,800 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On Everest Consolidator Acquisition

A hedge fund recently bought a new stake in Everest Consolidator Acquisition stock. Cowen AND Company LLC acquired a new position in shares of Everest Consolidator Acquisition Co. (NYSE:MNTN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 509,854 shares of the company’s stock, valued at approximately $5,746,000. Cowen AND Company LLC owned about 4.36% of Everest Consolidator Acquisition as of its most recent SEC filing. 72.90% of the stock is owned by institutional investors and hedge funds.

Everest Consolidator Acquisition Price Performance

Shares of NYSE MNTN traded down $0.03 on Thursday, hitting $11.00. The company had a trading volume of 578 shares, compared to its average volume of 30,367. Everest Consolidator Acquisition has a 12-month low of $10.87 and a 12-month high of $12.18. The business has a 50 day moving average of $11.46 and a two-hundred day moving average of $11.35.

About Everest Consolidator Acquisition

Everest Consolidator Acquisition Corporation does not have significant operations. The company intends to a effect merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying businesses in the financial services sector.