Rocket One Inc. Common Stock (NASDAQ:RKTO) Shares Shorted: Short Interest Down 52.8% in September

Rocket One Inc. Common Stock (NASDAQ:RKTO) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 992,927 shares, a decrease of 52.8% from the September 15th total of 2,105,431 shares. Currently, 4.8% of the shares of the company are sold short. Based on an average daily volume of 496,261 shares, the days-to-cover ratio is currently 2.0 days.

Rocket One Inc. Common Stock Stock Performance

RKTO traded down $0.03 during midday trading on Wednesday, reaching $0.54. The company had a trading volume of 146,564 shares, compared to its average volume of 4,227,593. The stock has a market cap of $12.11 million, a PE ratio of -0.66 and a beta of 0.90. Rocket One Inc. Common Stock has a 12-month low of $0.49 and a 12-month high of $2.45. The business has a 50-day moving average price of $0.73 and a two-hundred day moving average price of $0.84.

Rocket One Inc. Common Stock (NASDAQ:RKTO) last released its earnings results on Friday, August 14th. The company reported ($0.19) earnings per share for the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RKTO shares. Weiss Ratings raised Rocket One Inc. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. Wall Street Zen downgraded shares of Rocket One Inc. Common Stock from a “sell” rating to a “strong sell” rating in a report on Sunday, August 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rocket One Inc. Common Stock currently has a consensus rating of “Hold” and an average target price of $5.00.

Hedge Funds Weigh In On Rocket One Inc. Common Stock

An institutional investor recently raised its stake in Rocket One Inc. Common Stock stock. Lido Advisors LLC raised its position in shares of Rocket One Inc. Common Stock (NASDAQ:RKTO) by 100.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,000 shares of the company’s stock after purchasing an additional 19,500 shares during the period. Lido Advisors LLC owned 0.20% of Rocket One Inc. Common Stock worth $33,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 7.08% of the company’s stock.

About Rocket One Inc. Common Stock

Hoth Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing therapies for unmet medical needs. It is involved in the development of HT-001, a topical formulation, which is in Phase II clinical trial for the treatment of patients with rash and skin disorders associated with initial and repeat courses of tyrosine kinase epidermal growth factor receptor inhibitor therapy; HT-KIT to treat mast-cell derived cancers and anaphylaxis; HT-TBI to treat traumatic brain injury and ischemic stroke; HT-ALZ for the treatment and/or prevention of Alzheimer's or other neuroinflammatory diseases; HT-004 for treatment of asthma and allergies using inhalational administration; HT-003 for the treatment of acne and psoriasis, as well as inflammatory bowel diseases; and HT-002, a novel peptide for treating COVID-19.