Rezolve AI PLC (NASDAQ:RZLV) Sees Significant Growth in Short Interest

Key Points

• Rezolve AI PLC (NASDAQ:RZLV) experienced a significant increase in short interest, growing by 56.2% in September, with total short shares reaching 15,760,000 by month's end.
• Institutional investors currently hold 27.96% of Rezolve AI's stock, with firms like Wolverine Asset Management and Ameritas Investment Partners recently increasing their stakes or purchasing new positions.
• Wall Street analysts have mixed forecasts for Rezolve AI, with ratings varying from sell to strong buy, while the average target price for the stock is around $9.00.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 15,760,000 shares, a growth of 56.2% from the September 15th total of 10,090,000 shares. Based on an average daily volume of 18,170,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 15.0% of the shares of the stock are sold short. Currently, 15.0% of the shares of the stock are sold short. Based on an average daily volume of 18,170,000 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Rezolve AI

Several institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC increased its stake in Rezolve AI by 62.1% in the 1st quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock worth $26,000 after buying an additional 8,219 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Rezolve AI in the 2nd quarter worth about $29,000. Hartford Financial Management Inc. purchased a new position in Rezolve AI in the 2nd quarter worth about $31,000. B. Riley Wealth Advisors Inc. purchased a new position in Rezolve AI in the 2nd quarter worth about $31,000. Finally, Legal & General Group Plc purchased a new position in Rezolve AI in the 2nd quarter worth about $31,000. Institutional investors own 27.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RZLV shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Maxim Group increased their price objective on shares of Rezolve AI from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Wall Street Zen lowered shares of Rezolve AI from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. Cantor Fitzgerald increased their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. Finally, Roth Capital increased their price objective on shares of Rezolve AI from $9.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Rezolve AI currently has an average rating of "Moderate Buy" and an average target price of $9.00.

Rezolve AI Stock Performance

Rezolve AI stock opened at $4.66 on Wednesday. The firm has a 50-day moving average price of $5.09 and a 200-day moving average price of $3.24. Rezolve AI has a 12-month low of $1.07 and a 12-month high of $8.45.

Rezolve AI Company Profile

Rezolve AI Plc operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.

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