Short Interest in Real Messenger Corporation (NASDAQ:RMSG) Expands By 265.5%

Real Messenger Corporation (NASDAQ:RMSG) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 207,353 shares, a growth of 265.5% from the August 15th total of 56,727 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,325,587 shares, the short-interest ratio is currently 0.2 days.

Real Messenger Stock Performance

Real Messenger stock traded up $0.01 during mid-day trading on Friday, hitting $0.33. 69,535 shares of the company traded hands, compared to its average volume of 802,719. Real Messenger has a one year low of $0.29 and a one year high of $3.90. The stock has a market cap of $3.46 million, a price-to-earnings ratio of -32.52 and a beta of 0.65. The stock has a fifty day moving average price of $0.37 and a 200-day moving average price of $0.75.

Real Messenger (NASDAQ:RMSG) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.00 million for the quarter.

Real Messenger announced that its board has authorized a share buyback plan on Tuesday, August 25th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Real Messenger

An institutional investor recently bought a new position in Real Messenger stock. Citadel Advisors LLC acquired a new stake in shares of Real Messenger Corporation (NASDAQ:RMSG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned about 1.40% of Real Messenger at the end of the most recent quarter. Institutional investors own 37.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Real Messenger to a “hold” rating in a research note on Saturday, May 16th.

About Real Messenger

Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.