Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) Short Interest Update

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 18,149 shares, a decline of 54.9% from the July 15th total of 40,209 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 13,418 shares, the days-to-cover ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Rain Enhancement Technologies Holdco

Several large investors have recently made changes to their positions in RAIN. Knott David M Jr acquired a new position in Rain Enhancement Technologies Holdco in the 1st quarter valued at $258,000. Quarry LP acquired a new stake in Rain Enhancement Technologies Holdco during the 4th quarter worth $88,000. Geode Capital Management LLC grew its holdings in shares of Rain Enhancement Technologies Holdco by 29.2% during the fourth quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock worth $127,000 after buying an additional 4,896 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Rain Enhancement Technologies Holdco by 38,985.0% during the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after buying an additional 7,797 shares in the last quarter. 25.79% of the stock is currently owned by hedge funds and other institutional investors.

Rain Enhancement Technologies Holdco Trading Down 5.2%

RAIN stock traded down $0.05 during trading on Friday, hitting $0.92. The stock had a trading volume of 232,287 shares, compared to its average volume of 1,566,613. Rain Enhancement Technologies Holdco has a twelve month low of $0.89 and a twelve month high of $8.52. The company’s 50-day moving average price is $1.72 and its two-hundred day moving average price is $2.20.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) last announced its earnings results on Friday, August 14th. The company reported ($0.40) EPS for the quarter.

Rain Enhancement Technologies Holdco Company Profile

As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc