reAlpha Tech Corp. (NASDAQ:AIRE) Sees Large Growth in Short Interest

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,030,000 shares, an increase of 2,487.9% from the December 31st total of 39,800 shares. Currently, 8.6% of the shares of the company are short sold. Based on an average trading volume of 2,370,000 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Maxim Group began coverage on shares of reAlpha Tech in a research report on Friday, October 25th. They issued a “buy” rating and a $3.00 price objective on the stock.

reAlpha Tech Stock Performance

reAlpha Tech stock traded up $0.10 during trading hours on Tuesday, hitting $1.72. The company had a trading volume of 87,304 shares, compared to its average volume of 658,351. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. reAlpha Tech has a one year low of $0.53 and a one year high of $4.49. The firm has a 50-day moving average of $1.57 and a 200 day moving average of $1.37.

reAlpha Tech (NASDAQ:AIRE) last announced its earnings results 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). The firm had revenue of $0.34 million for the quarter. reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%. As a group, equities research analysts anticipate that reAlpha Tech will post -0.16 earnings per share for the current year.

reAlpha Tech Company Profile

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.