RedCloud Holdings plc (NASDAQ:RCT) Short Interest Update

RedCloud Holdings plc (NASDAQ:RCT) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 89,447 shares, an increase of 41.0% from the February 12th total of 63,429 shares. Based on an average daily trading volume, of 429,021 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 429,021 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

RCT has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $5.00 target price on shares of RedCloud in a report on Thursday, January 15th. Roth Mkm reaffirmed a “buy” rating and set a $5.50 price target (up from $4.50) on shares of RedCloud in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of RedCloud in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.25.

RedCloud Stock Down 0.8%

Shares of NASDAQ:RCT traded down $0.01 during trading on Friday, reaching $0.88. 24,815 shares of the stock were exchanged, compared to its average volume of 240,076. RedCloud has a 12 month low of $0.80 and a 12 month high of $5.36. The company’s 50-day moving average is $1.13.

RedCloud (NASDAQ:RCT) last announced its earnings results on Thursday, December 11th. The company reported ($0.37) earnings per share for the quarter. The firm had revenue of $8.99 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of RedCloud by 2,359.8% in the third quarter. UBS Group AG now owns 328,365 shares of the company’s stock valued at $594,000 after acquiring an additional 315,016 shares during the period. Boyer Financial Services Inc. bought a new position in RedCloud during the fourth quarter worth about $176,000. Finally, XTX Topco Ltd acquired a new stake in RedCloud in the 4th quarter worth about $38,000.

About RedCloud

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.