The Real Brokerage Inc. (NASDAQ:REAX) Short Interest Down 16.8% in November

The Real Brokerage Inc. (NASDAQ:REAX) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,630,000 shares, a drop of 16.8% from the October 31st total of 3,160,000 shares. Based on an average daily volume of 691,800 shares, the short-interest ratio is presently 3.8 days. Currently, 2.7% of the company’s stock are short sold.

Real Brokerage Trading Down 1.7 %

NASDAQ:REAX opened at $5.26 on Monday. The firm has a market cap of $1.04 billion, a PE ratio of -29.22 and a beta of 1.02. The stock has a fifty day moving average price of $5.40 and a 200 day moving average price of $5.29. Real Brokerage has a 12-month low of $1.28 and a 12-month high of $6.75.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $372.49 million during the quarter, compared to the consensus estimate of $334.61 million. Real Brokerage had a negative return on equity of 73.22% and a negative net margin of 2.91%. During the same period in the previous year, the business earned ($0.02) EPS. Equities analysts forecast that Real Brokerage will post -0.1 EPS for the current year.

Institutional Trading of Real Brokerage

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Real Brokerage by 48.0% in the third quarter. State Street Corp now owns 1,364,358 shares of the company’s stock worth $7,572,000 after acquiring an additional 442,612 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Real Brokerage by 106.6% in the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock worth $3,303,000 after acquiring an additional 307,016 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Real Brokerage in the second quarter worth $1,091,000. Point72 Asset Management L.P. purchased a new position in Real Brokerage in the third quarter worth $871,000. Finally, Rhumbline Advisers purchased a new position in Real Brokerage in the second quarter worth $474,000. 53.28% of the stock is owned by hedge funds and other institutional investors.

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.