reAlpha Tech Corp. (NASDAQ:AIRE) Sees Significant Decline in Short Interest

reAlpha Tech Corp. (NASDAQ:AIRE - Get Free Report) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 324,400 shares, a decline of 68.5% from the December 31st total of 1,030,000 shares. Currently, 2.7% of the company's stock are short sold. Based on an average trading volume of 2,470,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Maxim Group assumed coverage on reAlpha Tech in a research report on Friday, October 25th. They set a "buy" rating and a $3.00 price objective on the stock.

reAlpha Tech Price Performance

NASDAQ:AIRE traded down $0.05 during midday trading on Friday, reaching $1.47. 289,665 shares of the stock traded hands, compared to its average volume of 603,434. The business has a 50-day moving average of $1.62 and a two-hundred day moving average of $1.37. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. reAlpha Tech has a 12-month low of $0.53 and a 12-month high of $4.49.

reAlpha Tech (NASDAQ:AIRE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $0.34 million during the quarter. Equities research analysts forecast that reAlpha Tech will post -0.16 EPS for the current year.

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.