Short Interest in Reitar Logtech Holdings Limited (NASDAQ:RITR) Expands By 125.1%

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 374,114 shares, a growth of 125.1% from the January 29th total of 166,203 shares. Based on an average daily volume of 4,990,945 shares, the short-interest ratio is currently 0.1 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 4,990,945 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Reitar Logtech in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Reitar Logtech Price Performance

NASDAQ RITR opened at $0.73 on Friday. Reitar Logtech has a 1-year low of $0.65 and a 1-year high of $8.37. The business’s fifty day moving average price is $1.02 and its 200-day moving average price is $2.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Reitar Logtech during the 2nd quarter valued at about $51,000. JPMorgan Chase & Co. bought a new stake in Reitar Logtech during the third quarter valued at approximately $108,000. Geode Capital Management LLC purchased a new stake in Reitar Logtech during the second quarter valued at approximately $131,000. Citadel Advisors LLC bought a new position in Reitar Logtech in the third quarter worth approximately $140,000. Finally, BNP Paribas Financial Markets bought a new position in Reitar Logtech in the third quarter worth approximately $518,000.

Reitar Logtech Company Profile

Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems. It also offers asset management services for construction projects, including refrigerated storages and warehouses; and professional consultancy services for construction projects, such as renovation works, interior designs and modification works of commercial units, and residential or commercial redevelopment works.