reAlpha Tech Corp. (NASDAQ:AIRE) Sees Large Increase in Short Interest

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

reAlpha Tech Trading Up 0.6 %

Shares of reAlpha Tech stock traded up $0.01 during mid-day trading on Monday, hitting $1.71. 91,123 shares of the stock were exchanged, compared to its average volume of 599,453. reAlpha Tech has a 12 month low of $0.53 and a 12 month high of $4.49. The company has a 50-day simple moving average of $1.42 and a 200 day simple moving average of $1.33. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03.

reAlpha Tech (NASDAQ:AIRE - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%. The firm had revenue of $0.34 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Maxim Group initiated coverage on reAlpha Tech in a research note on Friday, October 25th. They set a "buy" rating and a $3.00 price target 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.

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