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

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 514,500 shares, an increase of 5.2% from the March 15th total of 489,300 shares. Approximately 4.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Virtu Financial LLC acquired a new position in reAlpha Tech Corp. (NASDAQ:AIRE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 24,019 shares of the company’s stock, valued at approximately $48,000. Virtu Financial LLC owned about 0.05% of reAlpha Tech at the end of the most recent reporting period. Institutional investors own 1.02% of the company’s stock.

reAlpha Tech Price Performance

reAlpha Tech stock opened at $0.73 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50-day moving average is $1.31. reAlpha Tech has a 52 week low of $0.67 and a 52 week high of $575.41.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, focuses on developing, utilizing, and commercializing real-estate focused artificial intelligence (AI). The company operates in two segments, Platform Services and Rental Business. The Platform Services segment offers and develops AI-based products and services to customers in the real-estate industry.