Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Rises By 82.5%

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large 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 company are sold short. Based on an average trading volume of 2,520,000 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On reAlpha Tech

An institutional investor recently raised its position in reAlpha Tech stock. Geode Capital Management LLC increased its holdings in shares of reAlpha Tech Corp. (NASDAQ:AIRE) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,394 shares of the company’s stock after acquiring an additional 12,435 shares during the period. Geode Capital Management LLC owned approximately 0.19% of reAlpha Tech worth $247,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.02% of the company’s stock.

reAlpha Tech Price Performance

Shares of AIRE opened at $1.92 on Friday. 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 1 year low of $0.53 and a 1 year high of $4.49. The company’s fifty day moving average is $1.74 and its two-hundred day moving average is $1.39.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings results 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). The firm had revenue of $0.34 million for the quarter. reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%. On average, analysts forecast that reAlpha Tech will post -0.16 earnings per share for the current fiscal year.

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.