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

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 18,149 shares, a drop of 54.9% from the July 15th total of 40,209 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,418 shares, the short-interest ratio is currently 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 research note on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rain Enhancement Technologies Holdco presently has an average rating of “Sell”.

Rain Enhancement Technologies Holdco Price Performance

Shares of NASDAQ:RAIN traded down $0.05 during midday trading on Friday, hitting $0.92. The company 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 business’s 50-day simple moving average is $1.72 and its 200-day simple moving average is $2.20.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in shares of Rain Enhancement Technologies Holdco by 38,985.0% in the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after acquiring an additional 7,797 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 4,896 shares during the last quarter. Quarry LP acquired a new stake in Rain Enhancement Technologies Holdco in the fourth quarter valued at about $88,000. Finally, Knott David M Jr purchased a new stake in shares of Rain Enhancement Technologies Holdco during the 1st quarter worth $258,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.

Rain Enhancement Technologies Holdco Company Profile

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