6 months ago
If support holds or increases before the next earnings release on 9/28 it may have a positive outcome. Short interest has been decreasing since July. "Radiant Logistics Inc (NYSE:RLGT) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 989,854 shares, a decrease of 8.3% from the July 29th total of 1,079,064 shares. Based on an trading of 71,629 shares, the short-interest ratio is presently 13.8 days. Approximately 3.1% of the company’s are sold short." http://www.thecerbatgem.com/2016/08/25/short-interest-in-radiant-logistics-inc-rlgt-declines-by-8-3/ There was news of a potential acquisition in Jan, which was confirmed in April resulting in a high above $4. Since then it has declined to the pre-acquisition level in Jan, and last Aug/Sep of 2014
5 months ago
Comment: Holding support, good sign.