Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Declines By 68.5%

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 324,400 shares, a decrease of 68.5% from the December 31st total of 1,030,000 shares. Based on an average trading volume of 2,470,000 shares, the short-interest ratio is presently 0.1 days. Approximately 2.7% of the company’s stock are sold short.

Analyst Ratings Changes

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

reAlpha Tech Stock Performance

AIRE stock opened at $1.47 on Friday. reAlpha Tech has a twelve month low of $0.53 and a twelve month high of $4.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $1.62 and a 200 day moving average of $1.37.

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 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. Analysts predict that reAlpha Tech will post -0.16 EPS 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.