reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Update

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 9,720,000 shares, a decline of 38.3% from the September 30th total of 15,760,000 shares. Currently, 40.1% of the company’s stock are sold short. Based on an average trading volume of 27,060,000 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 27,060,000 shares, the short-interest ratio is presently 0.4 days. Currently, 40.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Maxim Group restated a “hold” rating on shares of reAlpha Tech in a report on Monday, July 28th. Wall Street Zen downgraded reAlpha Tech to a “strong sell” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of reAlpha Tech in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $1.25.

reAlpha Tech Stock Up 3.9%

Shares of NASDAQ AIRE opened at $0.62 on Friday. The business’s 50 day moving average price is $0.69 and its two-hundred day moving average price is $0.53. The company has a market cap of $56.08 million, a PE ratio of -3.27 and a beta of -3.89. reAlpha Tech has a twelve month low of $0.14 and a twelve month high of $4.49.

reAlpha Tech (NASDAQ:AIRE) last issued its earnings results on Thursday, August 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). reAlpha Tech had a negative return on equity of 213.07% and a negative net margin of 988.62%.The business had revenue of $1.25 million for the quarter, compared to the consensus estimate of $1.20 million. As a group, research analysts anticipate that reAlpha Tech will post -0.16 EPS for the current fiscal year.

About reAlpha Tech

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.