Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Declines By 13.4%

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 4,909,607 shares, a drop of 13.4% from the January 29th total of 5,670,339 shares. Based on an average daily trading volume, of 2,018,500 shares, the short-interest ratio is currently 2.4 days. Approximately 6.2% of the shares of the company are short sold. Approximately 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,018,500 shares, the short-interest ratio is currently 2.4 days.

reAlpha Tech Stock Down 0.6%

Shares of NASDAQ:AIRE opened at $0.30 on Thursday. reAlpha Tech has a 52 week low of $0.14 and a 52 week high of $1.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.99 and a current ratio of 3.99. The company’s fifty day moving average is $0.39 and its 200-day moving average is $0.52. The company has a market capitalization of $39.22 million, a PE ratio of -1.43 and a beta of -3.36.

Wall Street Analyst Weigh In

AIRE has been the topic of several recent research reports. HC Wainwright reissued a “buy” rating and set a $2.00 price objective on shares of reAlpha Tech in a report on Monday, February 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of reAlpha Tech in a research note on Monday, December 29th. One investment 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1.63.

Institutional Trading of reAlpha Tech

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC boosted its holdings in shares of reAlpha Tech by 56.1% in the 4th quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock worth $74,000 after acquiring an additional 64,039 shares in the last quarter. State Street Corp boosted its stake in reAlpha Tech by 49.9% in the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after purchasing an additional 80,800 shares in the last quarter. Scientech Research LLC bought a new stake in shares of reAlpha Tech during the third quarter worth $87,000. Finally, Geode Capital Management LLC increased its stake in shares of reAlpha Tech by 120.4% in the fourth quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock valued at $393,000 after buying an additional 514,306 shares in the last quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.

reAlpha Tech Company Profile

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.