RedCloud Holdings plc (NASDAQ:RCT) Short Interest Update

RedCloud Holdings plc (NASDAQ:RCT) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 2,087,682 shares, a growth of 80.9% from the June 15th total of 1,154,352 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily volume of 30,931,791 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of RedCloud

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in RedCloud in the 4th quarter worth about $38,000. Boyer Financial Services Inc. bought a new stake in RedCloud during the 4th quarter valued at about $176,000. Finally, UBS Group AG lifted its holdings in RedCloud by 2,359.8% during the 3rd quarter. UBS Group AG now owns 328,365 shares of the company’s stock valued at $594,000 after buying an additional 315,016 shares in the last quarter.

RedCloud Stock Performance

RedCloud stock opened at $0.24 on Friday. The firm has a 50-day moving average price of $0.50 and a 200-day moving average price of $0.81. RedCloud has a 12-month low of $0.22 and a 12-month high of $3.08.

RedCloud (NASDAQ:RCT) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.14) EPS for the quarter. The company had revenue of $15.28 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of RedCloud in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, RedCloud has a consensus rating of “Hold” and a consensus price target of $5.25.

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.