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

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 112,240 shares, a growth of 367.1% from the August 15th total of 24,030 shares. Based on an average trading volume of 354,125 shares, the short-interest ratio is presently 0.3 days. Approximately 1.2% of the shares of the company are short sold.

Rain Enhancement Technologies Holdco Price Performance

NASDAQ:RAIN traded down $0.02 on Friday, reaching $0.74. 89,309 shares of the company’s stock were exchanged, compared to its average volume of 337,466. The firm has a market cap of $8.65 million, a price-to-earnings ratio of -0.49 and a beta of -0.27. The stock has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.97. Rain Enhancement Technologies Holdco has a 52 week low of $0.70 and a 52 week high of $8.52.

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

Insider Buying and Selling at Rain Enhancement Technologies Holdco

In related news, CEO Randy Seidl purchased 110,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was bought at an average price of $0.95 per share, for a total transaction of $104,500.00. Following the purchase, the chief executive officer directly owned 754,834 shares in the company, valued at approximately $717,092.30. This trade represents a 17.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position 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 valued at $43,000 after purchasing an additional 7,797 shares in the last quarter. Quarry LP purchased a new stake in Rain Enhancement Technologies Holdco during the 4th quarter worth about $88,000. Geode Capital Management LLC boosted its stake in Rain Enhancement Technologies Holdco by 29.2% in the 4th 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 period. Finally, Knott David M Jr bought a new position in Rain Enhancement Technologies Holdco in the 1st quarter worth about $258,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rain Enhancement Technologies Holdco in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Rain Enhancement Technologies Holdco Company Profile

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