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

reAlpha Tech Corp. (NASDAQ:AIRE) saw a large 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. Approximately 2.7% of the company’s shares are short sold. Based on an average daily trading volume, of 2,470,000 shares, the days-to-cover ratio is presently 0.1 days.

reAlpha Tech Trading Down 4.5 %

NASDAQ AIRE traded down $0.08 on Thursday, hitting $1.58. 100,062 shares of the company’s stock were exchanged, compared to its average volume of 607,444. The stock has a 50-day moving average of $1.60 and a 200-day moving average of $1.37. reAlpha Tech has a 52 week low of $0.53 and a 52 week 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.

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

Analyst Ratings Changes

Separately, Maxim Group initiated coverage on shares of reAlpha Tech in a report on Friday, October 25th. They set a “buy” rating and a $3.00 price objective for the company.

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.