The Real Brokerage Inc. (NASDAQ:REAX) Short Interest Down 16.7% in January

The Real Brokerage Inc. (NASDAQ:REAX) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,500,000 shares, a drop of 16.7% from the January 15th total of 3,000,000 shares. Based on an average daily volume of 902,100 shares, the short-interest ratio is currently 2.8 days. Approximately 2.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of REAX. State Street Corp boosted its holdings in shares of Real Brokerage by 48.0% in the third quarter. State Street Corp now owns 1,364,358 shares of the company’s stock valued at $7,572,000 after acquiring an additional 442,612 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Real Brokerage by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 1,264,640 shares of the company’s stock valued at $5,817,000 after acquiring an additional 40,457 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Real Brokerage by 31.6% in the fourth quarter. JPMorgan Chase & Co. now owns 831,829 shares of the company’s stock valued at $3,826,000 after acquiring an additional 199,913 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Real Brokerage by 53.5% in the fourth quarter. Renaissance Technologies LLC now owns 759,100 shares of the company’s stock valued at $3,492,000 after acquiring an additional 264,600 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Real Brokerage by 3.3% in the fourth quarter. Federated Hermes Inc. now owns 679,373 shares of the company’s stock valued at $3,125,000 after acquiring an additional 21,585 shares in the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Performance

NASDAQ:REAX opened at $5.28 on Friday. Real Brokerage has a fifty-two week low of $2.46 and a fifty-two week high of $6.75. The stock has a market capitalization of $1.04 billion, a P/E ratio of -29.33 and a beta of 1.01. The company has a 50 day moving average price of $4.81 and a 200 day moving average price of $5.33.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on shares of Real Brokerage in a research report on Wednesday, December 18th. They set a “buy” rating and a $6.00 price objective for the company.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.