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

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 592,100 shares, an increase of 82.5% from the January 15th total of 324,400 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,520,000 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in reAlpha Tech stock. Geode Capital Management LLC raised its position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,394 shares of the company’s stock after purchasing an additional 12,435 shares during the period. Geode Capital Management LLC owned approximately 0.19% of reAlpha Tech worth $247,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.02% of the company’s stock.

reAlpha Tech Price Performance

Shares of AIRE opened at $1.92 on Thursday. reAlpha Tech has a one year low of $0.53 and a one year high of $4.49. 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 firm has a 50 day simple moving average of $1.71 and a two-hundred day simple moving average of $1.39.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings data 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 firm had revenue of $0.34 million for the quarter. On average, equities research analysts anticipate that reAlpha Tech will post -0.16 EPS for the current year.

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.