Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Declines By 16.2%

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 298,500 shares, a decline of 16.2% from the August 31st total of 356,300 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 142,100 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC acquired a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned 0.08% of reAlpha Tech at the end of the most recent quarter. Institutional investors own 1.02% of the company’s stock.

reAlpha Tech Price Performance

NASDAQ AIRE opened at $1.29 on Friday. reAlpha Tech has a twelve month low of $0.53 and a twelve month high of $575.41. The stock has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.18.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.03) EPS for the quarter. The firm 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%.

About reAlpha Tech

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.