The RealReal, Inc. (NASDAQ:REAL) Short Interest Down 17.2% in December

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

Analyst Ratings Changes

REAL has been the subject of a number of research reports. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Securities boosted their target price on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. UBS Group increased their target price on shares of RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.38.

RealReal Trading Down 1.2 %

Shares of REAL traded down $0.13 during midday trading on Friday, reaching $10.86. 4,281,233 shares of the company were exchanged, compared to its average volume of 2,724,741. RealReal has a 1-year low of $1.52 and a 1-year high of $11.07. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -12.34 and a beta of 3.09. The stock has a 50-day moving average price of $5.77 and a 200-day moving average price of $4.01.

Insider Buying and Selling

In other news, CAO Steve Ming Lo sold 96,666 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the sale, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at $2,388,302.50. The trade was a 19.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RealReal

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Drive Wealth Management LLC purchased a new stake in RealReal during the 2nd quarter worth $32,000. Evoke Wealth LLC purchased a new stake in shares of RealReal during the second quarter worth about $36,000. Principal Financial Group Inc. purchased a new stake in shares of RealReal during the second quarter worth about $39,000. Park Edge Advisors LLC acquired a new position in shares of RealReal in the third quarter worth about $41,000. Finally, XTX Topco Ltd purchased a new position in RealReal in the third quarter valued at about $63,000. 64.73% of the stock is owned by institutional investors and hedge funds.

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.