Red Violet Inc (NASDAQ:RDVT) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 372,300 shares, a growth of 14.9% from the June 30th total of 323,900 shares. Based on an average daily volume of 36,000 shares, the short-interest ratio is currently 10.3 days. Currently, 9.0% of the shares of the company are sold short.
Red Violet stock traded down $0.36 during midday trading on Thursday, reaching $13.41. 34,500 shares of the stock traded hands, compared to its average volume of 28,145. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $13.34 and a two-hundred day moving average price of $9.95. Red Violet has a fifty-two week low of $4.76 and a fifty-two week high of $17.50.
Red Violet (NASDAQ:RDVT) last posted its earnings results on Monday, August 5th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $7.25 million for the quarter. Red Violet had a negative net margin of 38.64% and a negative return on equity of 16.91%.
A number of institutional investors have recently bought and sold shares of RDVT. Granite Investment Partners LLC acquired a new position in Red Violet during the 1st quarter valued at about $856,000. Catalyst Capital Advisors LLC acquired a new position in Red Violet during the 2nd quarter valued at about $570,000. Renaissance Technologies LLC boosted its stake in Red Violet by 222.5% during the 2nd quarter. Renaissance Technologies LLC now owns 66,114 shares of the company’s stock valued at $820,000 after purchasing an additional 45,614 shares during the period. BlackRock Inc. boosted its stake in Red Violet by 17.8% during the 2nd quarter. BlackRock Inc. now owns 27,958 shares of the company’s stock valued at $347,000 after purchasing an additional 4,229 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Red Violet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 168,125 shares of the company’s stock valued at $2,085,000 after purchasing an additional 2,100 shares during the period. 13.44% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine lowered shares of Red Violet from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
Red Violet Company Profile
Red Violet, Inc, a software and services company, specializes in big data analysis providing cloud-based mission-critical information solutions to enterprises in various industries in the United States. Its proprietary platform includes CORE, a cloud-based technology platform, which serves various industries within risk management.
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