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

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

Analysts Set New Price Targets

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.

reAlpha Tech Price Performance

Shares of AIRE traded down $1.04 during trading hours on Friday, hitting $2.54. The company had a trading volume of 8,301,743 shares, compared to its average volume of 1,474,769. The firm has a fifty day moving average price of $1.17 and a 200-day moving average price of $1.23. 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 52-week low of $0.53 and a 52-week high of $4.49.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $0.34 million during the quarter. reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%.

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.