Rezolve AI PLC (NASDAQ:RZLV) Short Interest Update

Rezolve AI PLC (NASDAQ:RZLV) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 11,550,000 shares, a drop of 26.7% from the September 30th total of 15,760,000 shares. Currently, 10.4% of the shares of the stock are sold short. Based on an average daily volume of 19,290,000 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 19,290,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 10.4% of the shares of the stock are sold short.

Institutional Trading of Rezolve AI

Hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its stake in Rezolve AI by 62.1% in the 1st quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock worth $26,000 after buying an additional 8,219 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Rezolve AI in the 2nd quarter worth about $29,000. Hartford Financial Management Inc. acquired a new position in shares of Rezolve AI in the 2nd quarter valued at about $31,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Rezolve AI in the 2nd quarter valued at about $31,000. Finally, Legal & General Group Plc acquired a new position in shares of Rezolve AI in the 2nd quarter valued at about $31,000. 27.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RZLV has been the subject of a number of recent research reports. Wall Street Zen cut Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Roth Capital lifted their price objective on Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. HC Wainwright lifted their price objective on Rezolve AI from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Maxim Group lifted their price objective on Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Cantor Fitzgerald lifted their price objective on Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Rezolve AI Price Performance

Shares of NASDAQ:RZLV opened at $4.03 on Wednesday. The stock’s 50-day moving average price is $5.34 and its two-hundred day moving average price is $3.49. Rezolve AI has a 12-month low of $1.07 and a 12-month high of $8.45.

Rezolve AI Company Profile

Rezolve AI Plc operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.