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

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 5,281,721 shares, a decrease of 29.3% from the November 30th total of 7,474,835 shares. Based on an average trading volume of 2,774,722 shares, the short-interest ratio is presently 1.9 days. Currently, 6.8% of the company’s stock are sold short. Currently, 6.8% of the company’s stock are sold short. Based on an average trading volume of 2,774,722 shares, the short-interest ratio is presently 1.9 days.

reAlpha Tech Price Performance

Shares of AIRE opened at $0.46 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99. The company’s fifty day moving average price is $0.54 and its 200-day moving average price is $0.51. reAlpha Tech has a 1-year low of $0.14 and a 1-year high of $3.29. The firm has a market capitalization of $60.78 million, a PE ratio of -2.21 and a beta of -3.74.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The firm had revenue of $1.45 million for the quarter. reAlpha Tech had a negative return on equity of 595.92% and a negative net margin of 813.89%. On average, equities research analysts predict that reAlpha Tech will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday, December 22nd. HC Wainwright assumed coverage on reAlpha Tech in a research note on Wednesday, November 26th. They set a “buy” rating and a $2.00 target price on the stock. Finally, Wall Street Zen lowered reAlpha Tech to a “strong sell” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1.63.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Scientech Research LLC acquired a new stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned 0.13% of reAlpha Tech at the end of the most recent quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.