Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$8.82M (7 inflow days, 13 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 34.3% of shares outstanding.
Reported short interest has risen from 21.63% to 24.27% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Hood River Capital Management LLC | Mutual Fund | 2026/Q3 | +7,545,218 | 6.9% |
| State Street Global Advisors | Mutual Fund | 2026/Q3 | +4,928,540 | 7.9% |
| Citadel Advisors LLC | Hedge Fund | 2026/Q3 | +3,275,575 | 2.3% |
| Van Eck Associates Corporation | Mutual Fund | 2026/Q3 | +2,553,337 | 1.7% |
| Vanguard Capital Management, LLC | Mutual Fund | 2026/Q3 | +1,523,072 | 4.4% |
| First Trust Advisors L.P. | Mutual Fund | 2026/Q3 | +813,669 | 0.5% |
| Columbia Management Investment Advisers, LLC | Mutual Fund | 2026/Q3 | +687,676 | 0.5% |
| IMC Trading B.V. | Private Company | 2026/Q3 | +680,359 | 0.4% |
| Bank of America Corporation | Public Company | 2026/Q3 | +661,544 | 0.6% |
| Morgan Stanley | Public Company | 2026/Q3 | +538,724 | 1.3% |
| Geode Capital Management, LLC | Mutual Fund | 2026/Q3 | +535,717 | 2.1% |
| Axxion S.A | Mutual Fund | 2026/Q3 | +510,000 | 0.3% |
| AWM Investment Company Inc | Hedge Fund | 2026/Q3 | +500,000 | 0.6% |
| BMO Asset Management | Mutual Fund | 2026/Q3 | +480,156 | 0.3% |
| SEI Investments Company | Mutual Fund | 2026/Q3 | +458,092 | 0.4% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 1 Oct 2026 | Paul Funk | Independent Director | Derivative Exercise and Retained | +868 | – | 868 |
| 14 Sep 2026 | Jeffrey Thompson | Chairperson & CEO | Other Disposition | -750,000 | – | 11,716,952 |
| 14 Sep 2026 | Jeffrey Thompson | Chairperson & CEO | Automatic Disposition | -150,000 | $7.74 | 11,716,952 |
| 14 Sep 2026 | Jeffrey Thompson | Chairperson & CEO | Other Derivative Disposition | -750,000 | – | – |
| 27 Aug 2026 | Nicholas Liuzza | Independent Director | Open Market Disposition | -65,000 | $8.50 | 424,874 |
| 16 Aug 2026 | Jeffrey Thompson | Chairperson & CEO | Automatic Disposition | -150,000 | $10.45 | 12,616,952 |
| 10 Aug 2026 | Nicholas Liuzza | Independent Director | Open Market Disposition | -55,000 | $10.63 | 489,874 |
| 10 Aug 2026 | Christopher Moe | Independent Director | Open Market Disposition | -30,000 | $10.51 | 200,502 |
| 14 Jul 2026 | Jeffrey Thompson | Chairperson & CEO | Automatic Disposition | -150,000 | $8.51 | 12,766,952 |
| 10 Jun 2026 | Paul Funk | Independent Director | Open Market Disposition | -165,028 | $11.50 | – |
| 29 Apr 2026 | Christopher Moe | Independent Director | Derivative Exercise and Retained | +7,429 | – | 230,502 |
| 29 Apr 2026 | Joseph Freedman | Lead Independent Director | Derivative Exercise and Retained | +7,429 | – | 172,689 |
| 29 Apr 2026 | Nicholas Liuzza | Independent Director | Derivative Exercise and Retained | +7,429 | – | 394,874 |
| 29 Apr 2026 | Paul Funk | Independent Director | Derivative Exercise and Retained | +7,429 | – | 165,028 |
| 5 Apr 2026 | Jeffrey Thompson | Chairperson & CEO | Derivative Exercise and Sale | -1,570 | $13.06 | 12,916,952 |
| 5 Apr 2026 | Jeffrey Thompson | Chairperson & CEO | Other Derivative Acquisition | +21,182 | – | 21,182 |
| 5 Apr 2026 | Jeffrey Thompson | Chairperson & CEO | Other Derivative Acquisition | +1,040,000 | $13.06 | 1,040,000 |
| 5 Apr 2026 | Jeffrey Thompson | Chairperson & CEO | Derivative Exercise and Retained | +3,725 | – | 12,916,952 |
| 30 Mar 2026 | Christian Ericson | Chief Financial Officer | Derivative Exercise and Sale | -1,176 | $13.09 | 28,920 |
| 30 Mar 2026 | Christian Ericson | Chief Financial Officer | Other Derivative Acquisition | +16,294 | – | 16,294 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 37,056,400 | 24.3% | 6.6 |
| 31 Aug 2026 | 32,051,407 | 21.0% | 4.8 |
| 14 Aug 2026 | 30,379,216 | 19.9% | 2.6 |
| 31 Jul 2026 | 32,242,937 | 21.5% | 4.4 |
| 15 Jul 2026 | 32,643,274 | 21.7% | 3.7 |
| 30 Jun 2026 | 32,499,770 | 21.6% | 2.6 |
No comments yet — be the first to weigh in on RCAT.