![]() ![]() This means our return since inception is a touch over 100, and our 2021 annualized gain clocks in at 35.4,' explains co-founder and. Webull offers kinds of Rite Aid Corp stock information, including NYSE:RAD real-time market quotes, financial reports, professional analyst ratings. XPeng reported quarterly results that were down sharply from year-ago levels. However, with the need for Covid-19 testing and vaccinations to remain on the front burner, the next quarter could be a strong quarter for these companies. We launched RAD Diversified REIT less than three years ago. 2 days ago &0183 &32 Stocks moved lower as the debt ceiling debate kept dragging out without progress. To be fair, drug store stocks as a sector have underperformed the broader market. And that's why you should be cautious before taking a position in RAD stock. But that doesn't make it a sound investment strategy. In fact, there's some chatter among traders hoping for a short squeeze as traders must cover their short positions.Īs the meme stock movement has proven, this can be an effective trading strategy. By itself, a high short interest ratio may not mean that much. Learn More on Rite Aid's short interest ratio. RAD shares currently have a short interest ratio of 6.0. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Their RAD share price forecasts range from 1.00 to 4.50. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. As of this writing, RAD stock has a short interest ratio of over 22%. 2 Wall Street research analysts have issued 1 year price targets for Rite Aids shares. Not a Meme Stock, But Short Interest Remains HighĪnother reason we hesitate to look at Rite Aid as an undervalued stock is because of high short interest. At some point, investors will want to see the stores that remain generate the revenue that will allow earnings to come organically. But as the stock starts to fall back, it's a reminder that defensive measures only go so far. ![]() That's undoubtedly the primary reason that RAD stock is getting a lift after earnings. ![]()
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