reAlpha Tech Corp. (NASDAQ:AIRE) Sees Large Decrease in Short Interest

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 63,400 shares, a drop of 71.9% from the November 15th total of 225,700 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 67,800 shares, the days-to-cover ratio is presently 0.9 days.

reAlpha Tech Trading Down 0.8 %

Shares of AIRE stock traded down $0.01 during trading hours on Friday, hitting $1.19. 12,569 shares of the company were exchanged, compared to its average volume of 940,724. reAlpha Tech has a one year low of $0.53 and a one year high of $3.10. The business’s 50-day simple moving average is $1.11 and its two-hundred day simple moving average is $1.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.03.

reAlpha Tech (NASDAQ:AIRE) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC acquired a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned about 0.08% of reAlpha Tech as of its most recent SEC filing. 1.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Maxim Group started coverage on reAlpha Tech in a report on Friday, October 25th. They set a “buy” rating and a $3.00 target price on the stock.

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.