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

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,030,000 shares, a growth of 2,487.9% from the December 15th total of 39,800 shares. Based on an average daily trading volume, of 2,370,000 shares, the short-interest ratio is presently 0.4 days. Approximately 8.6% of the shares of the stock are sold short.

reAlpha Tech Price Performance

Shares of AIRE opened at $1.60 on Tuesday. reAlpha Tech has a fifty-two week low of $0.53 and a fifty-two week high of $4.49. The stock has a fifty day moving average of $1.43 and a two-hundred day moving average of $1.34. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08.

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

Wall Street Analyst Weigh In

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

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.