Red Cat Holdings, Inc. (NASDAQ:RCAT - Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 509,300 shares, an increase of 70.0% from the April 15th total of 299,600 shares. Based on an average daily volume of 657,800 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.0% of the shares of the company are short sold.
Institutional Investors Weigh In On Red Cat
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC purchased a new position in Red Cat during the fourth quarter worth approximately $41,000. PVG Asset Management Corp purchased a new position in shares of Red Cat during the 4th quarter worth approximately $230,000. Worth Venture Partners LLC acquired a new stake in shares of Red Cat in the fourth quarter valued at $1,101,000. Finally, AIGH Capital Management LLC acquired a new position in Red Cat in the 4th quarter valued at about $4,423,000. Institutional investors and hedge funds own 37.97% of the company's stock.
Red Cat Trading Down 2.5 %
Shares of Red Cat stock traded down $0.03 during trading hours on Friday, reaching $1.17. The stock had a trading volume of 345,683 shares, compared to its average volume of 1,621,430. Red Cat has a twelve month low of $0.53 and a twelve month high of $1.65. The stock's 50 day moving average is $0.99 and its 200 day moving average is $0.85. The firm has a market capitalization of $86.91 million and a PE ratio of -2.25.
Red Cat (NASDAQ:RCAT - Get Free Report) last released its earnings results on Monday, March 18th. The company reported ($0.04) EPS for the quarter. The company had revenue of $5.85 million for the quarter. Red Cat had a negative return on equity of 52.40% and a negative net margin of 206.42%.
About Red Cat
(
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Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.
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