Red Cat Holdings Inc is trading 6.9% up today at $14.74 as the stock bounces from a recent pullback amid sustained interest in its military drone business.

  • Traders are re-entering the name following a sharp multi-day defense-driven rally, signaling that speculative interest remains high despite recent volatility.

  • The upward move persists even after a recently filed $200 million common stock offering, suggesting that the company's military positioning is currently outweighing concerns over potential equity dilution.