RedCloud Holdings plc (NASDAQ:RCT) Sees Significant Drop in Short Interest

Key Points

• RedCloud Holdings plc (NASDAQ:RCT) experienced a dramatic 76.3% decrease in short interest, falling to 46,000 shares by September 15th from 194,100 shares at the end of August.
• The stock price of RedCloud opened at $1.81, with a 12-month low of $0.80 and a high of $5.36, indicating notable fluctuations over the past year.
• Wall Street analysts have recently upgraded RedCloud to a "hold" rating, reflecting a more cautious outlook on its future performance.

RedCloud Holdings plc (NASDAQ:RCT - Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 46,000 shares, a drop of 76.3% from the August 31st total of 194,100 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 2,930,000 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 2,930,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company's shares are sold short.

RedCloud Stock Performance

Shares of NASDAQ RCT opened at $1.81 on Wednesday. RedCloud has a 12-month low of $0.80 and a 12-month high of $5.36.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of RedCloud to a "hold" rating in a research note on Monday, September 1st.

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.

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