Short Interest in The Real Brokerage Inc. (NASDAQ:REAX) Rises By 26.8%

The Real Brokerage Inc. (NASDAQ:REAX) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,980,000 shares, a growth of 26.8% from the December 15th total of 2,350,000 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 783,100 shares, the days-to-cover ratio is presently 3.8 days.

Real Brokerage Trading Up 2.7 %

Real Brokerage stock traded up $0.12 during mid-day trading on Friday, hitting $4.54. The stock had a trading volume of 863,298 shares, compared to its average volume of 964,517. The stock has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $5.36. The stock has a market capitalization of $897.79 million, a PE ratio of -25.22 and a beta of 1.00. Real Brokerage has a 12 month low of $2.14 and a 12 month high of $6.75.

Real Brokerage (NASDAQ:REAX) last issued its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $372.49 million for the quarter, compared to analyst estimates of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same quarter last year, the firm earned ($0.02) EPS. Sell-side analysts expect that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Real Brokerage

A number of institutional investors have recently bought and sold shares of REAX. Jane Street Group LLC lifted its stake in shares of Real Brokerage by 488.7% in the 3rd quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock valued at $744,000 after purchasing an additional 111,312 shares during the period. Barclays PLC increased its holdings in Real Brokerage by 337.7% in the third quarter. Barclays PLC now owns 141,188 shares of the company’s stock valued at $782,000 after purchasing an additional 108,928 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Real Brokerage by 106.6% in the third quarter. Harbor Capital Advisors Inc. now owns 595,055 shares of the company’s stock valued at $3,303,000 after buying an additional 307,016 shares during the period. Bank of New York Mellon Corp bought a new position in Real Brokerage during the second quarter worth about $1,091,000. Finally, Franklin Resources Inc. acquired a new position in shares of Real Brokerage during the 3rd quarter worth about $138,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on shares of Real Brokerage in a research report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price objective for the company.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.