Short Interest in The Real Brokerage Inc. (NASDAQ:REAX) Declines By 16.7%

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,500,000 shares, a drop of 16.7% from the January 15th total of 3,000,000 shares. Currently, 2.5% of the company's stock are short sold. Based on an average trading volume of 902,100 shares, the short-interest ratio is presently 2.8 days.

Real Brokerage Stock Up 6.0 %

Shares of NASDAQ:REAX traded up $0.31 on Wednesday, reaching $5.48. The company had a trading volume of 891,884 shares, compared to its average volume of 882,612. The stock has a market capitalization of $1.08 billion, a P/E ratio of -30.44 and a beta of 1.01. The stock has a 50-day moving average price of $4.82 and a 200 day moving average price of $5.32. Real Brokerage has a twelve month low of $2.46 and a twelve month high of $6.75.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on Real Brokerage in a research report on Wednesday, December 18th. They issued a "buy" rating and a $6.00 target price on the stock.

Institutional Investors Weigh In On Real Brokerage

Several institutional investors and hedge funds have recently added to or reduced their stakes in REAX. Aquatic Capital Management LLC bought a new position in shares of Real Brokerage in the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new stake in shares of Real Brokerage during the 4th quarter worth $28,000. Wolverine Trading LLC acquired a new position in Real Brokerage in the 3rd quarter valued at $56,000. Sound Income Strategies LLC bought a new position in Real Brokerage in the 4th quarter worth $47,000. Finally, Oxford Asset Management LLP acquired a new position in Real Brokerage during the 4th quarter worth $49,000. 53.28% of the stock is currently owned by institutional investors and hedge funds.

Real Brokerage Company Profile

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.