RedCloud Holdings plc (NASDAQ:RCT) Stock Short Interest Report for October

RedCloud Holdings plc (NASDAQ:RCT) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,357,319 shares, a growth of 602.1% from the October 15th total of 478,172 shares. Based on an average daily trading volume, of 92,274,315 shares, the short-interest ratio is presently 0.0 days. Currently, 4.9% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of RedCloud in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, RedCloud has a consensus rating of “Hold” and an average target price of $5.25.

RedCloud Price Performance

Shares of RedCloud stock opened at $0.03 on Wednesday. The firm has a fifty day moving average price of $0.13 and a 200 day moving average price of $0.50. RedCloud has a 1 year low of $0.03 and a 1 year high of $2.12.

Shares of RedCloud are set to reverse split on Friday, November 13th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 12th.

RedCloud (NASDAQ:RCT) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.17) EPS for the quarter. The business had revenue of $12.01 million for the quarter.

Insider Buying and Selling at RedCloud

In related news, Director Nikolaus Senn acquired 2,500,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were purchased at an average cost of $0.25 per share, with a total value of $625,000.00. Following the completion of the acquisition, the director directly owned 10,151,524 shares of the company’s stock, valued at $2,537,881. This represents a 32.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

RedCloud Company Profile

RedCloud Holdings plc, operating under the RedCloud brand, provides a business-to-business digital commerce platform designed to connect consumer-goods manufacturers and distributors with small retailers in emerging markets. Its RedCloud Marketplace enables retailers to discover and order products from suppliers through digital channels, while helping brands and distributors expand their reach beyond traditional sales networks. The company’s platform is focused on the distribution of fast-moving consumer goods, including everyday food, beverage, household and personal-care products.