reAlpha Tech Corp. (NASDAQ:AIRE) Sees Significant Drop in Short Interest

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 324,400 shares, a drop of 68.5% from the December 31st total of 1,030,000 shares. Based on an average daily volume of 2,470,000 shares, the short-interest ratio is presently 0.1 days. Currently, 2.7% of the company’s stock are short sold.

reAlpha Tech Trading Down 7.9 %

AIRE opened at $1.52 on Friday. The business’s 50-day simple moving average is $1.61 and its 200 day simple moving average is $1.38. reAlpha Tech has a 52-week low of $0.53 and a 52-week high of $4.49. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%. The company had revenue of $0.34 million for the quarter. As a group, equities research analysts forecast that reAlpha Tech will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.