REalloys is trading 5.96% down at $12.73 after its August 13 second-quarter report showed a $36.8 million net loss, or $0.59 per diluted share.
- Short interest increased 59.4% in July to 9.56 million shares as of July 31, intensifying selling pressure around the earnings reaction
- Revenue doubled year over year to $0.8 million from $0.4 million, while the Q2 net loss widened sharply
- The loss primarily reflected $32.1 million in non-cash stock-based compensation