reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Update

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 1,030,000 shares, a growth of 2,487.9% from the December 15th total of 39,800 shares. Approximately 8.6% of the company’s shares are short sold. Based on an average trading volume of 2,370,000 shares, the short-interest ratio is presently 0.4 days.

reAlpha Tech Trading Down 5.9 %

reAlpha Tech stock opened at $1.60 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $1.43 and its 200 day moving average price is $1.34. reAlpha Tech has a 12-month low of $0.53 and a 12-month high of $4.49.

reAlpha Tech (NASDAQ:AIRE) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $0.34 million for the quarter. reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on shares of reAlpha Tech in a research report on Friday, October 25th. They issued a “buy” rating and a $3.00 price objective for the company.

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.