reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Up 60.4% in December

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 8,469,399 shares, a growth of 60.4% from the December 15th total of 5,281,721 shares. Based on an average daily trading volume, of 11,022,963 shares, the short-interest ratio is currently 0.8 days. Currently, 10.7% of the shares of the stock are short sold. Currently, 10.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,022,963 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

AIRE has been the subject of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $2.00 price target on shares of reAlpha Tech in a report on Tuesday, December 30th. Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1.63.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in reAlpha Tech stock. Scientech Research LLC bought a new stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned approximately 0.13% of reAlpha Tech as of its most recent SEC filing. Institutional investors own 1.02% of the company’s stock.

reAlpha Tech Stock Down 2.1%

Shares of AIRE opened at $0.45 on Friday. The firm has a fifty day moving average price of $0.48 and a 200-day moving average price of $0.52. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $58.57 million, a P/E ratio of -2.13 and a beta of -3.58. reAlpha Tech has a 12-month low of $0.14 and a 12-month high of $2.08.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $1.45 million for the quarter. reAlpha Tech had a negative net margin of 813.89% and a negative return on equity of 595.92%. Equities research analysts expect that reAlpha Tech will post -0.16 earnings per share for the current year.

reAlpha Tech Company Profile

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.