reAlpha Tech Corp. (NASDAQ:AIRE) Sees Significant Growth in Short Interest

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 225,700 shares, a growth of 44.8% from the October 31st total of 155,900 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 67,300 shares, the short-interest ratio is presently 3.4 days.

Analyst Upgrades and Downgrades

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

reAlpha Tech Stock Up 10.5 %

Shares of reAlpha Tech stock opened at $1.16 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. reAlpha Tech has a 1-year low of $0.53 and a 1-year high of $3.98. The firm’s 50-day moving average price is $1.13 and its two-hundred day moving average price is $1.18.

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

Institutional Trading of reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC purchased a new stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.

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.