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

RedCloud Holdings plc (NASDAQ:RCT) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 124,346 shares, an increase of 89.6% from the September 15th total of 65,574 shares. Based on an average daily volume of 486,925 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of RedCloud in a research report on Monday, September 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.25.

RedCloud Stock Performance

Shares of RCT opened at $0.08 on Friday. The company’s 50-day moving average price is $0.19 and its 200 day moving average price is $0.40. RedCloud has a 12-month low of $0.08 and a 12-month high of $2.34.

RedCloud’s stock is scheduled to reverse split before the market opens 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.

Insiders Place Their Bets

In other news, Director Nikolaus Senn acquired 2,500,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were bought at an average price of $0.25 per share, for a total transaction of $625,000.00. Following the acquisition, the director owned 10,151,524 shares of the company’s stock, valued at approximately $2,537,881. This trade represents a 32.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

About RedCloud

RedCloud Holdings plc (NASDAQ: RCT) operates a business-to-business commerce platform designed to connect consumer-goods brands, distributors and informal retailers in emerging markets. Its technology enables retailers to discover products, place orders and make payments digitally, while helping suppliers expand distribution and improve visibility across fragmented retail channels.

The company’s RedCloud Marketplace supports digital ordering and transaction management, and its broader platform may include payment, data and financial-services capabilities intended to improve access to working capital and other services for small businesses.