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

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

Analyst Upgrades and Downgrades

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

Rain Enhancement Technologies Holdco Stock Performance

Rain Enhancement Technologies Holdco stock opened at $2.07 on Friday. The stock has a market capitalization of $16.91 million, a price-to-earnings ratio of -1.65 and a beta of -0.27. Rain Enhancement Technologies Holdco has a 52-week low of $1.26 and a 52-week high of $8.52. The stock’s 50 day moving average price is $2.21 and its two-hundred day moving average price is $3.35.

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

Hedge Funds Weigh In On Rain Enhancement Technologies Holdco

A number of large investors have recently modified their holdings of the company. Knott David M Jr bought a new position in shares of Rain Enhancement Technologies Holdco in the 1st quarter worth $258,000. Quarry LP bought a new position in shares of Rain Enhancement Technologies Holdco in the 4th quarter worth $88,000. Geode Capital Management LLC lifted its holdings in shares of Rain Enhancement Technologies Holdco by 29.2% in the 4th quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock worth $127,000 after purchasing an additional 4,896 shares in the last quarter. Clear Street Group Inc. bought a new position in shares of Rain Enhancement Technologies Holdco in the 3rd quarter worth $53,000. Finally, Bank of America Corp DE lifted its holdings in shares of Rain Enhancement Technologies Holdco by 38,985.0% in the 3rd quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after purchasing an additional 7,797 shares in the last quarter. 25.79% of the stock is currently owned by institutional investors.

Rain Enhancement Technologies Holdco Company Profile

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