Rezolve AI PLC (NASDAQ:RZLV) Short Interest Up 34.4% in March

Rezolve AI PLC (NASDAQ:RZLV) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 52,623,810 shares, an increase of 34.4% from the March 15th total of 39,160,849 shares. Based on an average trading volume of 18,416,525 shares, the days-to-cover ratio is presently 2.9 days. Currently, 50.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.00 target price on shares of Rezolve AI in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a research note on Thursday, January 22nd. HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of Rezolve AI in a research note on Wednesday, February 11th. Alliance Global Partners reiterated a “buy” rating on shares of Rezolve AI in a research note on Wednesday, January 14th. Finally, iA Financial set a $14.00 target price on Rezolve AI in a research note on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Rezolve AI currently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Institutional Investors Weigh In On Rezolve AI

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in shares of Rezolve AI by 72.3% in the fourth quarter. California State Teachers Retirement System now owns 11,042 shares of the company’s stock worth $28,000 after buying an additional 4,633 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Rezolve AI by 305.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 11,278 shares of the company’s stock worth $29,000 after purchasing an additional 8,497 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of Rezolve AI during the 4th quarter worth approximately $30,000. B. Riley Wealth Advisors Inc. bought a new position in Rezolve AI in the 2nd quarter worth approximately $31,000. Finally, Legal & General Group Plc bought a new position in Rezolve AI in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Stock Down 2.5%

RZLV stock traded down $0.07 during trading on Thursday, reaching $2.72. 15,496,052 shares of the stock traded hands, compared to its average volume of 22,985,400. The business’s 50 day moving average price is $2.58 and its 200-day moving average price is $3.28. Rezolve AI has a 52-week low of $1.30 and a 52-week high of $8.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

About Rezolve AI

Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.

The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.