reAlpha Tech Corp. (NASDAQ:AIRE) Sees Large Decrease in Short Interest

reAlpha Tech Corp. (NASDAQ:AIRE) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 63,400 shares, a decline of 71.9% from the November 15th total of 225,700 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 67,800 shares, the days-to-cover ratio is currently 0.9 days.

reAlpha Tech Trading Down 0.8 %

AIRE stock traded down $0.01 during trading hours on Friday, hitting $1.19. 12,569 shares of the stock traded hands, compared to its average volume of 940,724. The stock has a 50-day simple moving average of $1.11 and a 200 day simple moving average of $1.19. reAlpha Tech has a one year low of $0.53 and a one year high of $3.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08.

reAlpha Tech (NASDAQ:AIRE) last posted 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 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.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in reAlpha Tech stock. Sequoia Financial Advisors LLC bought a new position in reAlpha Tech Corp. (NASDAQ:AIRE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned about 0.08% of reAlpha Tech as of its most recent SEC filing. Hedge funds and other institutional investors own 1.02% of the company’s stock.

Analysts Set New Price Targets

Separately, Maxim Group began coverage on reAlpha Tech in a report on Friday, October 25th. They set 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.