Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Declines By 13.5%

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 598,400 shares, a decrease of 13.5% from the February 28th total of 691,700 shares. Based on an average daily trading volume, of 2,570,000 shares, the short-interest ratio is currently 0.2 days. Approximately 4.9% of the company’s stock are sold short.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP bought a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned approximately 0.06% of reAlpha Tech as of its most recent SEC filing. 1.02% of the stock is owned by institutional investors.

reAlpha Tech Price Performance

Shares of NASDAQ AIRE opened at $1.10 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $1.51 and a 200-day moving average price of $1.42. reAlpha Tech has a 1 year low of $0.53 and a 1 year high of $4.49.

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.