Red Cat Holdings, Inc. (NASDAQ:RCAT) Short Interest Update

Red Cat Holdings, Inc. (NASDAQ:RCAT – Get Rating) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 1,250,000 shares, an increase of 51.1% from the March 15th total of 827,000 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average trading volume of 2,100,000 shares, the short-interest ratio is presently 0.6 days.

NASDAQ RCAT traded down $0.01 during trading hours on Friday, hitting $2.01. 217,821 shares of the company’s stock traded hands, compared to its average volume of 2,573,809. Red Cat has a 52-week low of $1.46 and a 52-week high of $7.46. The company has a market capitalization of $107.88 million and a PE ratio of -8.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 11.94 and a quick ratio of 11.48. The firm’s 50-day moving average is $2.00 and its 200-day moving average is $2.20.

Red Cat (NASDAQ:RCAT – Get Rating) last announced its quarterly earnings data on Thursday, March 17th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Red Cat had a negative net margin of 143.12% and a negative return on equity of 15.91%. The business had revenue of $1.86 million for the quarter.

Large investors have recently bought and sold shares of the business. Warberg Asset Management LLC acquired a new position in Red Cat in the 3rd quarter valued at about $35,000. Zeke Capital Advisors LLC acquired a new position in Red Cat in the 3rd quarter valued at about $44,000. Schonfeld Strategic Advisors LLC acquired a new position in Red Cat in the 3rd quarter valued at about $55,000. Raymond James Financial Services Advisors Inc. acquired a new position in Red Cat in the 3rd quarter valued at about $72,000. Finally, Morgan Stanley acquired a new position in Red Cat in the 3rd quarter valued at about $97,000. Institutional investors own 7.07% of the company’s stock.

About Red Cat (Get Rating)

Red Cat Holdings, Inc provides products, services and solutions to the drone industry. It also engages in the provision of distributed data storage, analytics and services for the drone industry. The firm’s product include Dronebox, which is a blockchain technology that records, stores and analyzes flight data and information from a drone.

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