Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Up 181.8% in August

Reitar Logtech Holdings Limited (NASDAQ:RITRGet Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,191,534 shares, a growth of 181.8% from the August 15th total of 1,132,544 shares. Currently, 5.1% of the shares of the company are sold short. Based on an average trading volume of 107,162,286 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Reitar Logtech from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Reitar Logtech presently has a consensus rating of “Sell”.

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Reitar Logtech Price Performance

Shares of NASDAQ RITR opened at $0.08 on Tuesday. The business has a fifty day moving average of $0.14 and a two-hundred day moving average of $0.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96. Reitar Logtech has a 52-week low of $0.05 and a 52-week high of $7.68.

Reitar Logtech (NASDAQ:RITRGet Free Report) last released its quarterly earnings results on Monday, August 17th. The company reported ($2.86) EPS for the quarter. The business had revenue of $10.60 million for the quarter.

Reitar Logtech Company Profile

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Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems. It also offers asset management services for construction projects, including refrigerated storages and warehouses; and professional consultancy services for construction projects, such as renovation works, interior designs and modification works of commercial units, and residential or commercial redevelopment works.

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