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

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 324,400 shares, a decline of 68.5% from the December 31st total of 1,030,000 shares. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 2,470,000 shares, the short-interest ratio is currently 0.1 days.

reAlpha Tech Trading Down 7.9 %

Shares of AIRE opened at $1.52 on Friday. reAlpha Tech has a twelve month low of $0.53 and a twelve month high of $4.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average price is $1.61 and its two-hundred day moving average price is $1.38.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $0.34 million during the quarter. reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%. As a group, research analysts forecast that reAlpha Tech will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Maxim Group began coverage on reAlpha Tech in a research report on Friday, October 25th. They set a “buy” rating and a $3.00 price target on the stock.

reAlpha Tech Company Profile

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.