Real Messenger Corporation (NASDAQ:RMSG) Sees Large Decline in Short Interest

Real Messenger Corporation (NASDAQ:RMSG) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 86,139 shares, a decrease of 75.5% from the May 31st total of 350,907 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 23,179,289 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Real Messenger

An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC acquired a new stake in Real Messenger Corporation (NASDAQ:RMSG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned about 0.21% of Real Messenger at the end of the most recent reporting period. 37.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Real Messenger to a “hold” rating in a report on Saturday, May 16th.

Real Messenger Stock Down 5.0%

Shares of NASDAQ RMSG opened at $0.47 on Friday. The business’s 50 day moving average price is $1.21 and its two-hundred day moving average price is $1.08. The company has a market cap of $4.13 million, a PE ratio of -46.55 and a beta of 0.53. Real Messenger has a twelve month low of $0.33 and a twelve month high of $5.46.

Real Messenger (NASDAQ:RMSG) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million during the quarter.

Real Messenger Company Profile

Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.