Red Cat Holdings (NASDAQ:RCAT) stock has plummeted 59% year to date, although it remains up a whopping 629% over the past year as of the time of this writing. This battleground stock has attracted lots of big-name funds, including Paul Tudor Jones’ Tudor Investment, State Street, Balyasny Asset Management, Two Sigma Advisors, and Israel Englander’s Millennium Management.
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On the other hand, some smaller funds are in Red Cat as well, with Apis Capital Advisors being among the company’s largest shareholders. Cedar Grove Capital did have a long position but appears to have sold it before Q4 2024. Meanwhile, Kerrisdale Capital is shorting the stock, making it a...
