Reitar Logtech Holdings Limited (NASDAQ:RITR – Get 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
Reitar Logtech (NASDAQ:RITR – Get 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
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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