RedCloud Holdings plc (NASDAQ:RCT) Short Interest Update

RedCloud Holdings plc (NASDAQ:RCT) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 50,396 shares, a drop of 71.3% from the January 15th total of 175,626 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 164,467 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 164,467 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

RedCloud Stock Performance

RCT traded down $0.01 during trading on Thursday, hitting $0.91. The company’s stock had a trading volume of 65,054 shares, compared to its average volume of 174,959. RedCloud has a twelve month low of $0.80 and a twelve month high of $5.36. The business’s fifty day simple moving average is $1.36.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RCT. Rosenblatt Securities reiterated a “buy” rating and issued a $5.00 price objective on shares of RedCloud in a report on Thursday, January 15th. Weiss Ratings restated a “sell (e+)” rating on shares of RedCloud in a research report on Monday, December 29th. Finally, Roth Mkm reiterated a “buy” rating and set a $5.50 price target (up previously from $4.50) on shares of RedCloud in a report on Tuesday, January 20th. Two investment 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, RedCloud presently has a consensus rating of “Hold” and an average target price of $5.25.

Institutional Trading of RedCloud

A hedge fund recently bought a new stake in RedCloud stock. Boyer Financial Services Inc. purchased a new stake in shares of RedCloud Holdings plc (NASDAQ:RCT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 123,339 shares of the company’s stock, valued at approximately $176,000. Boyer Financial Services Inc. owned approximately 0.31% of RedCloud at the end of the most recent quarter.

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.