RedCloud Holdings plc (NASDAQ:RCT) Stock Short Interest Report for October

RedCloud Holdings plc (NASDAQ:RCT) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,357,319 shares, a growth of 602.1% from the October 15th total of 478,172 shares. Based on an average trading volume of 92,274,315 shares, the days-to-cover ratio is currently 0.0 days. Approximately 4.9% of the shares of the company are short sold.

Insider Buying and Selling

In related news, Director Nikolaus Senn acquired 2,500,000 shares of the stock in a transaction on Thursday, August 27th. The shares were acquired at an average price of $0.25 per share, for a total transaction of $625,000.00. Following the transaction, the director owned 10,151,524 shares in the company, valued at approximately $2,537,881. This trade represents a 32.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of RedCloud in a research note on Monday, September 21st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, RedCloud currently has a consensus rating of “Hold” and a consensus price target of $5.25.

RedCloud Price Performance

RCT stock opened at $0.03 on Wednesday. RedCloud has a 52-week low of $0.03 and a 52-week high of $2.12. The company’s 50-day simple moving average is $0.13 and its 200-day simple moving average is $0.50.

RedCloud shares are scheduled to reverse split on the morning of Friday, November 13th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 12th.

RedCloud (NASDAQ:RCT) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $12.01 million during the quarter.

RedCloud Company Profile

RedCloud Holdings plc, operating under the RedCloud brand, provides a business-to-business digital commerce platform designed to connect consumer-goods manufacturers and distributors with small retailers in emerging markets. Its RedCloud Marketplace enables retailers to discover and order products from suppliers through digital channels, while helping brands and distributors expand their reach beyond traditional sales networks. The company’s platform is focused on the distribution of fast-moving consumer goods, including everyday food, beverage, household and personal-care products.