Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Declines By 37.2%

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 39,800 shares, a decrease of 37.2% from the November 30th total of 63,400 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 97,300 shares, the days-to-cover ratio is presently 0.4 days.

reAlpha Tech Stock Performance

Shares of NASDAQ AIRE traded down $1.04 on Friday, reaching $2.54. 8,333,926 shares of the company’s stock traded hands, compared to its average volume of 1,474,969. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50 day simple moving average is $1.20 and its two-hundred day simple moving average is $1.24. reAlpha Tech has a 12 month low of $0.53 and a 12 month high of $4.49.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) 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 for the quarter.

Analyst Ratings Changes

Separately, Maxim Group assumed coverage on shares of reAlpha Tech in a research report on Friday, October 25th. They issued a “buy” rating and a $3.00 target price 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.