Short Interest in The RealReal, Inc. (NASDAQ:REAL) Declines By 17.2%

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 13,650,000 shares, a drop of 17.2% from the November 30th total of 16,480,000 shares. Based on an average daily trading volume, of 2,600,000 shares, the short-interest ratio is presently 5.3 days. Approximately 16.2% of the company's stock are short sold.

Insiders Place Their Bets

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Crestwood Capital Management L.P. grew its holdings in shares of RealReal by 20.6% during the third quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company's stock valued at $3,748,000 after buying an additional 204,226 shares during the last quarter. Anthracite Investment Company Inc. raised its holdings in shares of RealReal by 62.0% during the third quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company's stock valued at $2,340,000 after purchasing an additional 285,304 shares during the last quarter. Woodson Capital Management LP lifted its position in RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company's stock valued at $16,956,000 after purchasing an additional 150,000 shares during the period. Renaissance Technologies LLC purchased a new stake in RealReal in the second quarter worth approximately $1,563,000. Finally, Walleye Capital LLC purchased a new stake in RealReal during the 3rd quarter valued at $1,163,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Stock Performance

Shares of REAL traded down $0.13 during trading hours on Friday, hitting $10.86. The company had a trading volume of 4,281,233 shares, compared to its average volume of 2,724,741. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -12.34 and a beta of 3.09. The firm has a fifty day moving average price of $5.77 and a 200-day moving average price of $4.01. RealReal has a 52-week low of $1.52 and a 52-week high of $11.07.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on REAL shares. Wells Fargo & Company raised RealReal from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. UBS Group boosted their target price on shares of RealReal from $3.00 to $3.25 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Northland Capmk upgraded shares of RealReal to a "strong-buy" rating in a research note on Monday, September 16th. Finally, Northland Securities lifted their price target on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, RealReal has an average rating of "Moderate Buy" and a consensus price target of $7.38.

About RealReal

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.