Rocket One Inc. Common Stock (NASDAQ:RKTO) Short Interest Update

Rocket One Inc. Common Stock (NASDAQ:RKTO) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 6,435,486 shares, an increase of 701.2% from the May 14th total of 803,235 shares. Based on an average daily volume of 32,066,513 shares, the days-to-cover ratio is currently 0.2 days. Currently, 31.0% of the company’s stock are short sold.

Institutional Trading of Rocket One Inc. Common Stock

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lido Advisors LLC bought a new stake in shares of Rocket One Inc. Common Stock during the 3rd quarter worth about $32,000. Kestra Private Wealth Services LLC bought a new position in shares of Rocket One Inc. Common Stock in the 3rd quarter valued at approximately $51,000. Virtu Financial LLC bought a new position in shares of Rocket One Inc. Common Stock in the 3rd quarter valued at approximately $184,000. Geode Capital Management LLC lifted its holdings in Rocket One Inc. Common Stock by 8.0% in the 2nd quarter. Geode Capital Management LLC now owns 122,575 shares of the company’s stock worth $143,000 after purchasing an additional 9,071 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Rocket One Inc. Common Stock in the 3rd quarter worth approximately $232,000. Institutional investors and hedge funds own 7.08% of the company’s stock.

Rocket One Inc. Common Stock Stock Up 1.6%

Shares of RKTO traded up $0.02 during midday trading on Wednesday, reaching $1.30. 874,450 shares of the stock were exchanged, compared to its average volume of 5,166,030. The company has a market cap of $29.02 million, a price-to-earnings ratio of -1.62 and a beta of 0.89. Rocket One Inc. Common Stock has a 12-month low of $0.49 and a 12-month high of $2.45. The firm has a 50 day simple moving average of $0.87 and a 200-day simple moving average of $0.97.

Rocket One Inc. Common Stock (NASDAQ:RKTO) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03).

Wall Street Analyst Weigh In

RKTO has been the subject of several recent analyst reports. D. Boral Capital reaffirmed a “buy” rating and issued a $5.00 target price on shares of Rocket One Inc. Common Stock in a research report on Wednesday, March 25th. Wall Street Zen raised Rocket One Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings lowered Rocket One Inc. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Rocket One Inc. Common Stock presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Rocket One Inc. Common Stock Company Profile

Hoth Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the acquisition, licensing and development of novel therapies for dermatological, central nervous system and other debilitating conditions. The company’s strategy emphasizes in-licensing late preclinical or early clinical assets with promising pharmacological profiles and leveraging formulation science to optimize delivery. Core to its approach is the design of topical and localized administration platforms intended to enhance drug penetration, sustain release and reduce systemic exposure.

Hoth’s development pipeline encompasses multiple candidate programs addressing high-unmet-need areas such as atopic dermatitis, epidermolysis bullosa and oral mucositis.