Short Interest in Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) Decreases By 40.3%

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 12,159 shares, a decrease of 40.3% from the March 31st total of 20,353 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 22,703 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in 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 purchasing an additional 7,797 shares during the period. Clear Street Group Inc. acquired a new stake in Rain Enhancement Technologies Holdco during the third quarter worth approximately $53,000. Quarry LP acquired a new stake in Rain Enhancement Technologies Holdco during the fourth quarter worth approximately $88,000. Geode Capital Management LLC grew its stake in 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 purchasing an additional 4,896 shares during the period. Finally, Harraden Circle Investments LLC acquired a new stake in Rain Enhancement Technologies Holdco during the third quarter worth approximately $332,000. Institutional investors and hedge funds own 25.79% of the company’s stock.

Rain Enhancement Technologies Holdco Price Performance

NASDAQ RAIN opened at $2.35 on Monday. The business has a 50 day simple moving average of $2.72 and a 200 day simple moving average of $4.09. Rain Enhancement Technologies Holdco has a one year low of $1.98 and a one year high of $9.58. The stock has a market capitalization of $19.25 million, a P/E ratio of -1.94 and a beta of -0.17.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) last released its earnings results on Wednesday, April 15th. The company reported ($0.59) EPS for the quarter.

About Rain Enhancement Technologies Holdco

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