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

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 20,353 shares, a drop of 19.2% from the March 15th total of 25,186 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 15,554 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Harraden Circle Investments LLC purchased a new stake in Rain Enhancement Technologies Holdco during the third quarter worth approximately $332,000. Geode Capital Management LLC increased its stake in Rain Enhancement Technologies Holdco by 29.2% in the fourth quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock valued at $127,000 after purchasing an additional 4,896 shares during the last quarter. Quarry LP purchased a new position in Rain Enhancement Technologies Holdco in the fourth quarter valued at approximately $88,000. Clear Street Group Inc. acquired a new stake in Rain Enhancement Technologies Holdco during the third quarter worth approximately $53,000. Finally, Bank of America Corp DE raised its holdings in Rain Enhancement Technologies Holdco by 38,985.0% during the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after purchasing an additional 7,797 shares in the last quarter. Hedge funds and other institutional investors own 25.79% of the company’s stock.

Rain Enhancement Technologies Holdco Trading Up 1.5%

Rain Enhancement Technologies Holdco stock opened at $2.32 on Friday. The stock has a market cap of $18.96 million, a P/E ratio of -1.91 and a beta of -0.17. The company has a fifty day simple moving average of $2.68 and a 200-day simple moving average of $4.19. Rain Enhancement Technologies Holdco has a 12-month low of $1.98 and a 12-month high of $9.58.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) last posted its earnings results on Wednesday, April 15th. The company reported ($0.59) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Rain Enhancement Technologies Holdco in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Rain Enhancement Technologies Holdco

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