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

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,030,000 shares, an increase of 2,487.9% from the December 31st total of 39,800 shares. Based on an average trading volume of 2,370,000 shares, the short-interest ratio is presently 0.4 days. Approximately 8.6% of the company’s shares are sold short.

reAlpha Tech Stock Performance

Shares of AIRE stock opened at $1.65 on Thursday. reAlpha Tech has a 12 month low of $0.53 and a 12 month high of $4.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.03. The company’s fifty day moving average price is $1.60 and its 200-day moving average price is $1.37.

reAlpha Tech (NASDAQ:AIRE) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) 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 business had revenue of $0.34 million for the quarter. Equities analysts expect that reAlpha Tech will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

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