Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) Short Interest Update

by · The Cerbat Gem

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN – Get Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 55,695 shares, an increase of 661.5% from the May 14th total of 7,314 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 61,198 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

Hedge funds have recently added to or reduced their stakes in the stock. Knott David M Jr bought a new position in shares of Rain Enhancement Technologies Holdco during the first quarter valued at $258,000. Harraden Circle Investments LLC purchased a new stake in Rain Enhancement Technologies Holdco during the 3rd quarter valued at about $332,000. Quarry LP bought a new stake in Rain Enhancement Technologies Holdco during the 4th quarter valued at about $88,000. Clear Street Group Inc. purchased a new position in Rain Enhancement Technologies Holdco in the third quarter worth about $53,000. Finally, Bank of America Corp DE raised its holdings in Rain Enhancement Technologies Holdco by 38,985.0% in the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after buying an additional 7,797 shares during the last quarter. 25.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rain Enhancement Technologies Holdco presently has an average rating of “Sell”.

View Our Latest Research Report on Rain Enhancement Technologies Holdco

Rain Enhancement Technologies Holdco Trading Down 0.5%

RAIN traded down $0.01 during midday trading on Wednesday, reaching $2.08. The company’s stock had a trading volume of 6,365 shares, compared to its average volume of 27,504. Rain Enhancement Technologies Holdco has a 1 year low of $1.26 and a 1 year high of $8.52. The stock’s 50-day moving average is $2.23 and its 200-day moving average is $3.38. The firm has a market capitalization of $17.04 million, a price-to-earnings ratio of -1.66 and a beta of -0.27.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN – Get Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $0.01 million during the quarter.

Rain Enhancement Technologies Holdco Company Profile

(Get Free Report)

As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc

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