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

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 39,800 shares, a drop of 37.2% from the November 30th total of 63,400 shares. Based on an average daily volume of 97,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

reAlpha Tech Stock Performance

Shares of AIRE stock traded down $1.04 during trading hours on Friday, hitting $2.54. 8,301,743 shares of the company’s stock were exchanged, compared to its average volume of 1,474,769. reAlpha Tech has a 12-month low of $0.53 and a 12-month high of $4.49. The business’s 50 day simple moving average is $1.17 and its 200-day simple moving average is $1.23. 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 issued its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%. The firm had revenue of $0.34 million during the quarter.

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.