reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Update

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 155,900 shares, a decline of 36.8% from the October 15th total of 246,600 shares. Based on an average daily trading volume, of 63,400 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.5% of the company’s shares are sold short.

reAlpha Tech Price Performance

reAlpha Tech stock opened at $1.01 on Thursday. The stock has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.19. reAlpha Tech has a fifty-two week low of $0.53 and a fifty-two week high of $15.90.

reAlpha Tech (NASDAQ:AIRE) last announced its earnings results on Wednesday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $0.06 million for the quarter. reAlpha Tech had a negative return on equity of 46.83% and a negative net margin of 2,035.17%.

Analysts Set New Price Targets

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

Institutional Trading of reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC bought a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned 0.08% of reAlpha Tech as of its most recent filing with the Securities and Exchange Commission (SEC). 1.02% of the stock is owned by institutional investors.

reAlpha Tech Company Profile

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.