RedCloud Holdings plc (NASDAQ:RCT) Short Interest Update

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RCT. Roth Mkm reaffirmed a “buy” rating and issued a $5.50 target price (up from $4.50) on shares of RedCloud in a research report on Tuesday, January 20th. Rosenblatt Securities reiterated a “buy” rating and issued a $5.00 price target on shares of RedCloud in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of RedCloud in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, RedCloud currently has a consensus rating of “Hold” and an average price target of $5.25.

Hedge Funds Weigh In On RedCloud

An institutional investor recently bought a new position in RedCloud stock. Boyer Financial Services Inc. bought a new position in shares of RedCloud Holdings plc (NASDAQ:RCT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 123,339 shares of the company’s stock, valued at approximately $176,000. Boyer Financial Services Inc. owned 0.31% of RedCloud at the end of the most recent reporting period.

RedCloud Stock Performance

Shares of NASDAQ:RCT opened at $0.91 on Friday. The stock has a 50-day moving average price of $1.35. RedCloud has a 52-week low of $0.80 and a 52-week high of $5.36.

RedCloud (NASDAQ:RCT) last released its earnings results on Thursday, December 11th. The company reported ($0.37) EPS for the quarter. The business had revenue of $8.99 million for the quarter.

RedCloud Company Profile

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.