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

RedCloud Holdings plc (NASDAQ:RCT) was the recipient 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 volume of 92,274,315 shares, the days-to-cover ratio is presently 0.0 days. Approximately 4.9% of the shares of the company are short sold.

RedCloud Stock Up 2.1%

Shares of RCT opened at $0.03 on Friday. The business’s 50-day moving average is $0.13 and its two-hundred day moving average is $0.48. RedCloud has a fifty-two week low of $0.03 and a fifty-two week high of $1.90.

RedCloud (NASDAQ:RCT) last issued its quarterly earnings data on Friday, August 14th. The company reported ($3.40) earnings per share (EPS) for the quarter. The firm had revenue of $12.01 million during the quarter.

Insider Buying and Selling

In other news, Director Nikolaus Senn bought 125,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $5.00 per share, for a total transaction of $625,000.00. Following the completion of the transaction, the director directly owned 507,576 shares in the company, valued at approximately $2,537,880. This represents a 32.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of RedCloud in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.00.

About RedCloud

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.