Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Drops By 37.2%

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 39,800 shares, a decline of 37.2% from the November 30th total of 63,400 shares. Based on an average daily trading volume, of 97,300 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

reAlpha Tech Stock Performance

reAlpha Tech stock opened at $2.54 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. reAlpha Tech has a 1-year low of $0.53 and a 1-year high of $4.49. The firm’s fifty day simple moving average is $1.20 and its 200-day simple moving average is $1.24.

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

Wall Street Analysts Forecast Growth

Separately, Maxim Group began coverage on shares of reAlpha Tech in a report on Friday, October 25th. They set a “buy” rating and a $3.00 price target on the stock.

About reAlpha Tech

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.