Short Interest in Real Messenger Corporation (NASDAQ:RMSG) Increases By 107.3%

Real Messenger Corporation (NASDAQ:RMSG) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 56,727 shares, an increase of 107.3% from the July 30th total of 27,361 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 216,440 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Real Messenger stock. Citadel Advisors LLC acquired a new stake in Real Messenger Corporation (NASDAQ:RMSG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 quarter. 37.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Real Messenger Trading Down 0.7%

Shares of NASDAQ:RMSG opened at $0.36 on Friday. The firm has a 50 day simple moving average of $0.41 and a 200-day simple moving average of $0.78. Real Messenger has a twelve month low of $0.29 and a twelve month high of $3.90. The company has a market capitalization of $3.82 million, a PE ratio of -35.90 and a beta of 0.65.

Real Messenger (NASDAQ:RMSG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.00 million for the quarter.

Real Messenger announced that its board has approved a share buyback program on Tuesday, August 25th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

About Real Messenger

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.