Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Decreases By 33.1%

reAlpha Tech Corp. (NASDAQ:AIRE) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 5,664,753 shares, a decline of 33.1% from the December 31st total of 8,469,399 shares. Based on an average trading volume of 6,867,582 shares, the short-interest ratio is currently 0.8 days. Approximately 7.2% of the company’s shares are short sold. Approximately 7.2% of the company’s shares are short sold. Based on an average trading volume of 6,867,582 shares, the short-interest ratio is currently 0.8 days.

reAlpha Tech Trading Down 5.0%

NASDAQ:AIRE opened at $0.38 on Monday. reAlpha Tech has a one year low of $0.14 and a one year high of $2.08. The company’s 50-day simple moving average is $0.47 and its 200 day simple moving average is $0.53. The firm has a market capitalization of $49.39 million, a P/E ratio of -1.80 and a beta of -3.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $1.45 million for the quarter. reAlpha Tech had a negative net margin of 813.89% and a negative return on equity of 595.92%. As a group, analysts forecast that reAlpha Tech will post -0.16 EPS for the current fiscal year.

Institutional Trading of reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Scientech Research LLC acquired a new position in reAlpha Tech Corp. (NASDAQ:AIRE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned about 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.

Analyst Ratings Changes

Several equities research analysts have weighed in on AIRE shares. Weiss Ratings reissued a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday, December 29th. HC Wainwright reaffirmed a “buy” rating and set a $2.00 price objective on shares of reAlpha Tech in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1.63.

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.