Short Interest in The Real Brokerage Inc. (NASDAQ:REAX) Declines By 95.1%

The Real Brokerage Inc. (NASDAQ:REAX) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,828,854 shares, a decrease of 95.1% from the August 15th total of 37,516,208 shares. Based on an average daily trading volume, of 1,236,492 shares, the short-interest ratio is presently 1.5 days. Approximately 13.6% of the company’s stock are short sold.

Real Brokerage Stock Performance

Shares of NASDAQ REAX traded up $1.75 during midday trading on Friday, reaching $20.28. 691,893 shares of the company’s stock were exchanged, compared to its average volume of 1,007,612. Real Brokerage has a 52-week low of $15.50 and a 52-week high of $52.50. The business’s fifty day moving average price is $20.91 and its two-hundred day moving average price is $21.42. The stock has a market capitalization of $441.98 million, a PE ratio of -28.97 and a beta of 0.79.

Real Brokerage (NASDAQ:REAX) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $700.58 million for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%. Analysts predict that Real Brokerage will post -0.45 earnings per share for the current fiscal year.

Institutional Trading of Real Brokerage

Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Real Brokerage by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,673 shares of the company’s stock worth $246,000 after acquiring an additional 3,746 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Real Brokerage by 628.0% in the 1st quarter. NewEdge Advisors LLC now owns 75,089 shares of the company’s stock valued at $305,000 after purchasing an additional 64,775 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Real Brokerage by 568.3% during the first quarter. Jane Street Group LLC now owns 129,153 shares of the company’s stock worth $524,000 after purchasing an additional 109,826 shares during the last quarter. Strs Ohio acquired a new position in Real Brokerage in the first quarter worth about $72,000. Finally, Envestnet Asset Management Inc. acquired a new position in Real Brokerage in the second quarter worth about $47,000. 53.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Edward Jones dropped their target price on Real Brokerage from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded Real Brokerage from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. JonesTrading reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Real Brokerage in a research report on Friday. Wall Street Zen upgraded shares of Real Brokerage to a “hold” rating in a research note on Saturday, September 5th. Finally, BTIG Research reissued a “buy” rating and set a $35.00 target price (up from $4.25) on shares of Real Brokerage in a research report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.00.

About Real Brokerage

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.