RedCloud Holdings plc (NASDAQ:RCT) Short Interest Up 121.5% in December

RedCloud Holdings plc (NASDAQ:RCT) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 46,781 shares, an increase of 121.5% from the November 30th total of 21,116 shares. Based on an average daily volume of 114,657 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 114,657 shares, the short-interest ratio is presently 0.4 days.

RedCloud Stock Performance

Shares of RCT opened at $1.44 on Friday. The business’s 50 day moving average price is $1.67. RedCloud has a 1 year low of $0.80 and a 1 year high of $5.36.

Analyst Upgrades and Downgrades

RCT has been the subject of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $5.00 price objective on shares of RedCloud in a report on Friday, December 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of RedCloud in a research note on Monday. Wall Street Zen upgraded RedCloud to a “hold” rating in a research note on Monday, September 1st. Finally, Roth Capital reaffirmed a “buy” rating and issued a $4.50 target price (down from $5.00) on shares of RedCloud in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.75.

Institutional Trading of RedCloud

An institutional investor recently raised its position in RedCloud stock. UBS Group AG grew its holdings in shares of RedCloud Holdings plc (NASDAQ:RCT) by 2,359.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 328,365 shares of the company’s stock after buying an additional 315,016 shares during the quarter. UBS Group AG owned 0.83% of RedCloud worth $594,000 at the end of the most recent reporting period.

RedCloud Company Profile

We have developed and operate the RedCloud platform (the “Platform”), that facilitates the trading of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. We believe the Platform solves a decades old problem of how to unlock and enable access of key purchase and sales data between brands, distributors and retailers in high growth consumer markets. Through the Platform, we enable retailers in these markets to use data driven insights backed by artificial intelligence (“AI”) to help make faster and easier business-to-business (“B2B”) purchases and inventory decisions from brands and distributors by breaking down complex purchasing behaviors of large product inventory catalogues.