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

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large 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 shares of the stock are sold short. Based on an average trading volume of 67,800 shares, the days-to-cover ratio is presently 0.9 days.

reAlpha Tech Price Performance

NASDAQ:AIRE traded up $0.02 during trading hours on Wednesday, hitting $1.19. 18,126 shares of the stock were exchanged, compared to its average volume of 948,323. The firm’s fifty day moving average price is $1.11 and its 200 day moving average price is $1.19. reAlpha Tech has a 52-week low of $0.53 and a 52-week high of $3.10. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%. The firm had revenue of $0.34 million during the quarter.

Institutional Trading of reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC bought a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned about 0.08% of reAlpha Tech at the end of the most recent reporting period. Institutional investors own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group started coverage on shares of reAlpha Tech in a research report on Friday, October 25th. They set a “buy” rating and a $3.00 price objective for the company.

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.