Short Interest in Real Messenger Corporation (NASDAQ:RMSG) Rises By 265.5%

Real Messenger Corporation (NASDAQ:RMSG) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 207,353 shares, an increase of 265.5% from the August 15th total of 56,727 shares. Based on an average daily trading volume, of 1,325,587 shares, the short-interest ratio is currently 0.2 days. Approximately 3.6% of the company’s stock are sold short.

Real Messenger Trading Down 5.9%

RMSG stock traded down $0.02 during trading on Monday, hitting $0.31. 20,630 shares of the company’s stock were exchanged, compared to its average volume of 7,024,582. The business has a 50-day moving average price of $0.37 and a two-hundred day moving average price of $0.75. The stock has a market capitalization of $3.26 million, a price-to-earnings ratio of -30.60 and a beta of 0.65. Real Messenger has a 52-week low of $0.29 and a 52-week high of $3.90.

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

Real Messenger declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 25th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Real Messenger

An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC purchased a new stake in Real Messenger Corporation (NASDAQ:RMSG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned about 1.40% of Real Messenger at the end of the most recent reporting period. Institutional investors own 37.44% of the company’s stock.

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.