reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Update

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 592,100 shares, an increase of 82.5% from the January 15th total of 324,400 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,520,000 shares, the days-to-cover ratio is currently 0.2 days.

reAlpha Tech Stock Performance

Shares of reAlpha Tech stock opened at $1.92 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03. reAlpha Tech has a twelve month low of $0.53 and a twelve month high of $4.49. The company’s fifty day moving average is $1.71 and its 200 day moving average is $1.39.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of reAlpha Tech

A hedge fund recently raised its stake in reAlpha Tech stock. Geode Capital Management LLC increased its holdings in reAlpha Tech Corp. (NASDAQ:AIRE) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,394 shares of the company’s stock after purchasing an additional 12,435 shares during the quarter. Geode Capital Management LLC owned approximately 0.19% of reAlpha Tech worth $247,000 at the end of the most recent reporting period. Institutional investors own 1.02% of the company’s stock.

About reAlpha Tech

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.