The Real Brokerage Inc. (NASDAQ:REAX) Short Interest Down 16.8% in November

The Real Brokerage Inc. (NASDAQ:REAX) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,630,000 shares, a drop of 16.8% from the October 31st total of 3,160,000 shares. Based on an average trading volume of 691,800 shares, the short-interest ratio is presently 3.8 days. Approximately 2.7% of the company’s shares are short sold.

Real Brokerage Price Performance

Real Brokerage stock opened at $5.26 on Monday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -29.22 and a beta of 1.02. Real Brokerage has a 12-month low of $1.28 and a 12-month high of $6.75. The firm’s fifty day moving average price is $5.40 and its 200 day moving average price is $5.29.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The firm had revenue of $372.49 million for the quarter, compared to the consensus estimate of $334.61 million. During the same period last year, the firm posted ($0.02) EPS. Analysts forecast that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Real Brokerage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in shares of Real Brokerage by 198.8% during the 2nd quarter. National Bank of Canada FI now owns 5,975 shares of the company’s stock worth $26,000 after purchasing an additional 3,975 shares during the last quarter. Wolverine Trading LLC bought a new stake in Real Brokerage during the 3rd quarter worth approximately $56,000. Principal Financial Group Inc. acquired a new position in Real Brokerage during the 2nd quarter worth $52,000. Intech Investment Management LLC acquired a new position in Real Brokerage during the 3rd quarter worth $98,000. Finally, Virtus Investment Advisers Inc. acquired a new position in Real Brokerage during the 3rd quarter worth $117,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

About Real Brokerage

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.