Short Interest in Rezolve AI PLC (NASDAQ:RZLV) Declines By 26.7%

Rezolve AI PLC (NASDAQ:RZLV) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 11,550,000 shares, a drop of 26.7% from the September 30th total of 15,760,000 shares. Currently, 10.4% of the company’s stock are sold short. Based on an average trading volume of 19,290,000 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 19,290,000 shares, the short-interest ratio is presently 0.6 days. Currently, 10.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RZLV shares. Northland Securities raised their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. HC Wainwright raised their price target on shares of Rezolve AI from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Cantor Fitzgerald raised their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Finally, Alliance Global Partners started coverage on shares of Rezolve AI in a research report on Friday, August 1st. They set a “buy” rating and a $8.50 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Rezolve AI Trading Down 4.4%

NASDAQ:RZLV traded down $0.19 during trading hours on Monday, reaching $4.10. The company had a trading volume of 8,106,499 shares, compared to its average volume of 10,686,802. Rezolve AI has a 52 week low of $1.07 and a 52 week high of $8.45. The firm’s 50 day moving average price is $5.30 and its 200-day moving average price is $3.45.

Institutional Investors Weigh In On Rezolve AI

A number of large investors have recently added to or reduced their stakes in the stock. Foundations Investment Advisors LLC bought a new stake in Rezolve AI in the 3rd quarter worth approximately $369,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Rezolve AI by 14.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 21,058 shares of the company’s stock valued at $105,000 after acquiring an additional 2,661 shares during the period. Stoneridge Investment Partners LLC bought a new stake in shares of Rezolve AI during the 3rd quarter valued at $58,000. Dash Acquisitions Inc. bought a new stake in shares of Rezolve AI during the 3rd quarter valued at $57,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Rezolve AI during the 3rd quarter valued at $121,000. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI Plc operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.