Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Expands By 14.7%

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 342,500 shares, an increase of 14.7% from the September 15th total of 298,500 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average trading volume of 102,200 shares, the short-interest ratio is currently 3.4 days.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC acquired a new position in reAlpha Tech Corp. (NASDAQ:AIRE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned about 0.08% of reAlpha Tech at the end of the most recent reporting period. 1.02% of the stock is currently owned by institutional investors.

reAlpha Tech Price Performance

Shares of NASDAQ AIRE opened at $1.19 on Tuesday. reAlpha Tech has a 1-year low of $0.53 and a 1-year high of $575.41. The business’s 50 day moving average is $1.28 and its two-hundred day moving average is $1.18.

reAlpha Tech (NASDAQ:AIRE) last released its earnings results on Wednesday, August 14th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $0.06 million for 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.