reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Up 6.1% in August

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 356,300 shares, an increase of 6.1% from the August 15th total of 335,800 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 145,800 shares, the days-to-cover ratio is presently 2.4 days.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC purchased a new position in reAlpha Tech Corp. (NASDAQ:AIRE) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned about 0.08% of reAlpha Tech as of its most recent SEC filing. Institutional investors and hedge funds own 1.02% of the company’s stock.

reAlpha Tech Stock Performance

reAlpha Tech stock opened at $1.29 on Thursday. reAlpha Tech has a 1-year low of $0.53 and a 1-year high of $575.41. The stock’s 50 day moving average price is $1.36 and its 200 day moving average price is $1.19.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $0.06 million during the quarter. reAlpha Tech had a negative net margin of 1,259.42% and a negative return on equity of 11.94%.

reAlpha Tech Company Profile

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.