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

Rezolve AI PLC (NASDAQ:RZLV) saw a large growth in short interest in 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. Approximately 15.0% of the company’s shares are short sold. Based on an average daily trading volume, of 18,170,000 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 18,170,000 shares, the short-interest ratio is presently 0.9 days. Approximately 15.0% of the company’s shares are short sold.

Rezolve AI Stock Performance

NASDAQ:RZLV opened at $4.66 on Wednesday. Rezolve AI has a fifty-two week low of $1.07 and a fifty-two week high of $8.45. The company’s 50-day simple moving average is $5.09 and its 200-day simple moving average is $3.24.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RZLV. Cantor Fitzgerald raised their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Maxim Group raised their target price 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. HC Wainwright raised their target price on shares of Rezolve AI from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Alliance Global Partners assumed coverage on shares of Rezolve AI in a research report on Friday, August 1st. They set a “buy” rating and a $8.50 target price on the stock. Finally, Roth Capital raised their target price 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 research 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Institutional Trading of Rezolve AI

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Rezolve AI by 1,100.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company’s stock valued at $3,799,000 after purchasing an additional 1,132,569 shares in the last quarter. Brown Wealth Management LLC acquired a new position in Rezolve AI during the 2nd quarter valued at approximately $615,000. Rhumbline Advisers acquired a new position in Rezolve AI during the 2nd quarter valued at approximately $398,000. Schechter Investment Advisors LLC acquired a new position in Rezolve AI during the 1st quarter valued at approximately $107,000. Finally, Forefront Wealth Partners LLC acquired a new position in Rezolve AI during the 3rd quarter valued at approximately $365,000. 27.96% of the stock is currently owned by institutional investors.

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.