The Real Brokerage Inc. (NASDAQ:REAX) Sees Large Growth in Short Interest

The Real Brokerage Inc. (NASDAQ:REAX) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 2,980,000 shares, a growth of 26.8% from the December 15th total of 2,350,000 shares. Based on an average daily volume of 783,100 shares, the days-to-cover ratio is presently 3.8 days. Approximately 3.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, BTIG Research started coverage on shares of Real Brokerage in a research report on Wednesday, December 18th. They set a “buy” rating and a $6.00 price target for the company.

Hedge Funds Weigh In On Real Brokerage

A number of large investors have recently bought and sold shares of REAX. SG Americas Securities LLC lifted its holdings in Real Brokerage by 54.6% during the fourth quarter. SG Americas Securities LLC now owns 51,041 shares of the company’s stock valued at $235,000 after purchasing an additional 18,032 shares in the last quarter. Paragon Advisors LLC purchased a new position in Real Brokerage in the 4th quarter valued at about $90,000. JPMorgan Chase & Co. boosted its holdings in Real Brokerage by 607.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock worth $3,507,000 after buying an additional 542,653 shares during the last quarter. Principal Financial Group Inc. increased its stake in Real Brokerage by 463.8% during the 3rd quarter. Principal Financial Group Inc. now owns 72,467 shares of the company’s stock worth $402,000 after buying an additional 59,614 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Real Brokerage during the 3rd quarter worth approximately $138,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Real Brokerage Price Performance

NASDAQ:REAX traded up $0.12 during trading hours on Friday, reaching $4.54. The company had a trading volume of 863,298 shares, compared to its average volume of 768,448. The firm has a market cap of $897.80 million, a PE ratio of -25.22 and a beta of 1.00. Real Brokerage has a 1-year low of $2.14 and a 1-year high of $6.75. The business’s 50 day moving average price is $4.90 and its 200-day moving average price is $5.36.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $372.49 million for the quarter, compared to the consensus estimate of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same period in the prior year, the firm posted ($0.02) earnings per share. On average, analysts expect that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

About Real Brokerage

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.