RedCloud Holdings plc (NASDAQ:RCT – Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 108,195 shares, a drop of 80.9% from the July 15th total of 566,529 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 556,453 shares, the short-interest ratio is presently 0.2 days.
RedCloud Stock Up 5.1%
NASDAQ RCT opened at $0.23 on Wednesday. RedCloud has a 1-year low of $0.17 and a 1-year high of $2.39. The firm’s fifty day simple moving average is $0.35 and its 200-day simple moving average is $0.66.
RedCloud (NASDAQ:RCT – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $15.28 million during the quarter.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on RCT
Institutional Trading of RedCloud
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG increased its position in RedCloud by 2,359.8% during the third quarter. UBS Group AG now owns 328,365 shares of the company’s stock worth $594,000 after acquiring an additional 315,016 shares during the period. Boyer Financial Services Inc. acquired a new position in RedCloud during the 4th quarter valued at $176,000. Finally, XTX Topco Ltd bought a new stake in RedCloud in the 4th quarter valued at $38,000.
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.
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