Real Messenger Corporation (NASDAQ:RMSG) Shares Shorted: Short Interest Up 695.0% in September

Real Messenger Corporation (NASDAQ:RMSG) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 227,640 shares, a growth of 695.0% from the September 15th total of 28,633 shares. Currently, 4.0% of the company’s shares are short sold. Based on an average daily volume of 1,958,088 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Real Messenger

A hedge fund recently bought a new position in Real Messenger stock. Citadel Advisors LLC acquired a new stake in Real Messenger Corporation (NASDAQ:RMSG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned approximately 1.40% of Real Messenger as of its most recent SEC filing. Hedge funds and other institutional investors own 37.44% of the company’s stock.

Real Messenger Price Performance

Shares of Real Messenger stock traded down $0.01 on Friday, hitting $0.30. 253,493 shares of the company’s stock traded hands, compared to its average volume of 2,297,726. Real Messenger has a one year low of $0.25 and a one year high of $3.90. The company has a fifty day moving average of $0.33 and a two-hundred day moving average of $0.72. The company has a market capitalization of $3.19 million, a price-to-earnings ratio of -29.97 and a beta of 0.67.

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

Real Messenger declared that its Board of Directors has initiated a stock buyback plan on Tuesday, August 25th that allows the company to buy back $0.00 in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

About Real Messenger

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.