reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Up 44.8% in November

Posted by Financial News Live on Nov 29th, 2024

reAlpha Tech Corp. (NASDAQ:AIRE – Get Free Report) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 225,700 shares, a growth of 44.8% from the October 31st total of 155,900 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 67,300 shares, the short-interest ratio is presently 3.4 days.

reAlpha Tech Stock Performance

Shares of reAlpha Tech stock opened at $1.05 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.03. The business has a fifty day simple moving average of $1.14 and a 200-day simple moving average of $1.18. reAlpha Tech has a fifty-two week low of $0.53 and a fifty-two week high of $3.98.

reAlpha Tech (NASDAQ:AIRE – Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $0.34 million for the quarter. reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%.

Analyst Ratings Changes

Separately, Maxim Group assumed coverage on shares of reAlpha Tech in a research note on Friday, October 25th. They issued a “buy” rating and a $3.00 price target for the company.

Read Our Latest Stock Report on AIRE

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC acquired a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned 0.08% of reAlpha Tech at the end of the most recent quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

About reAlpha Tech

(Get Free Report)

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.