Rezolve AI PLC (NASDAQ:RZLV) Short Interest Update

Rezolve AI PLC (NASDAQ:RZLV) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 20,153,031 shares, a growth of 45.6% from the November 30th total of 13,837,819 shares. Approximately 30.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,794,965 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 12,794,965 shares, the days-to-cover ratio is presently 1.6 days. Approximately 30.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On Rezolve AI

Hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new stake in Rezolve AI during the third quarter worth approximately $78,000. Caitong International Asset Management Co. Ltd boosted its holdings in Rezolve AI by 3,738.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 190,126 shares of the company’s stock worth $947,000 after buying an additional 185,173 shares in the last quarter. XTX Topco Ltd acquired a new stake in Rezolve AI in the third quarter valued at $1,781,000. Alyeska Investment Group L.P. acquired a new stake in Rezolve AI in the 3rd quarter valued at about $120,880,000. Finally, Verition Fund Management LLC increased its position in Rezolve AI by 106.5% during the third quarter. Verition Fund Management LLC now owns 31,800 shares of the company’s stock worth $158,000 after buying an additional 16,400 shares in the last quarter. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Rezolve AI Stock Down 6.1%

Shares of NASDAQ:RZLV traded down $0.18 during midday trading on Monday, reaching $2.68. The company’s stock had a trading volume of 16,186,154 shares, compared to its average volume of 11,902,043. The stock has a fifty day moving average of $3.30 and a 200 day moving average of $3.72. Rezolve AI has a twelve month low of $1.07 and a twelve month high of $8.45.

Wall Street Analyst Weigh In

RZLV has been the topic of a number of analyst reports. Northland Securities lifted their price target on Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Wall Street Zen lowered shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a report on Wednesday, October 8th. Roth Capital lifted their price objective 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. Finally, HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Rezolve AI in a research report on Friday, December 19th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.29.

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.