Red Cat Holdings (RCAT) is experiencing a notable increase in its stock price today, driven by a significant rise in its borrow rate. The latest data indicates that RCAT's borrow rate has surged by 32.82%, marking one of the largest increases among liquid option names. This spike in borrow rate can often signal heightened interest from short sellers, which may lead to increased volatility and trading activity in the stock.
RCAT shares are currently trading at $14.17, reflecting a 7.38% increase from the previous close of $13.20. The stock opened at $13.35 and has seen a 6.18% rise from the opening price.