reAlpha Tech Corp. (NASDAQ:AIRE - Get Free Report) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 592,100 shares, a growth of 82.5% from the January 15th total of 324,400 shares. Based on an average daily trading volume, of 2,520,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 5.0% of the shares of the stock are short sold.
reAlpha Tech Stock Performance
reAlpha Tech stock traded up $0.05 during trading hours on Friday, reaching $1.92. The company had a trading volume of 168,188 shares, compared to its average volume of 506,219. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day moving average price of $1.74 and a 200 day moving average price of $1.39. reAlpha Tech has a 12-month low of $0.53 and a 12-month high of $4.49.
Analyst Upgrades and Downgrades
Separately, Maxim Group began coverage on reAlpha Tech in a research report on Friday, October 25th. They issued a "buy" rating and a $3.00 target price for the company.
Check Out Our Latest Analysis on reAlpha Tech
Hedge Funds Weigh In On reAlpha Tech
An institutional investor recently raised its position in reAlpha Tech stock. Geode Capital Management LLC boosted its stake in reAlpha Tech Corp. (NASDAQ:AIRE - Free Report) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,394 shares of the company's stock after purchasing an additional 12,435 shares during the period. Geode Capital Management LLC owned about 0.19% of reAlpha Tech worth $247,000 at the end of the most recent reporting period. 1.02% of the stock is owned by institutional investors.
reAlpha Tech Company Profile
(
Get Free Report)
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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