Rackspace Technology Inc

RXT

Rackspace Technology, Inc. is an American managed cloud computing company based in Windcrest, Texas, USA. The company also has offices in Blacksburg, Virginia, and Austin, Texas, as well as in Australia, the United Kingdom, India, Switzerland, the Netherlands, Germany, Singapore, Mexico, and Hong Kong. Its data centers are located in Texas, Chicago, Kansas City, Virginia, the United Kingdom, Germany, Australia, and Hong Kong. Rackspace became public in 2008, and in 2016 was purchased and taken private by Apollo Global Management LLC.In June 2020 it changed its name to Rackspace Technology. Then in August 2020, Rackspace Technology went public again under the symbol RXT on the NASDAQ market.

Rackspace Technology Inc has been a target of short sellers for a while. The current short interest of 10.50% is significantly above the average of the last 12 months (6.35%).