AirJoule Technologies (NASDAQ: AIRJ) is well-positioned to gain market share in the data center ecosystem and other water-dependent industries, but it faces hurdles and a moment of truth that will make all the difference. As good as the outlook is, risks remain and have been sufficient to keep short-sellers engaged.
Short interest is rocketing higher in Q3, up 25% as of early August to above 17% and at record levels, providing sufficient cause for concern. Shorts are focused on cash burn, commercialization costs and the timeline to revenue ramp—a combination that leaves the business at risk of needing capital and shareholders at risk of dilution.
