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

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 4,279,558 shares, a drop of 12.8% from the February 12th total of 4,909,607 shares. Based on an average trading volume of 1,140,984 shares, the short-interest ratio is currently 3.8 days. Approximately 5.4% of the company’s stock are short sold. Approximately 5.4% of the company’s stock are short sold. Based on an average trading volume of 1,140,984 shares, the short-interest ratio is currently 3.8 days.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AIRE. HC Wainwright reaffirmed a “buy” rating and issued a $2.00 price target on shares of reAlpha Tech in a report on Monday, February 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of reAlpha Tech in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1.63.

Institutional Trading of reAlpha Tech

A number of hedge funds have recently added to or reduced their stakes in AIRE. Virtu Financial LLC increased its holdings in shares of reAlpha Tech by 56.1% in the fourth quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock valued at $74,000 after purchasing an additional 64,039 shares during the period. State Street Corp grew its position in reAlpha Tech by 49.9% in the 4th quarter. State Street Corp now owns 242,650 shares of the company’s stock valued at $101,000 after buying an additional 80,800 shares during the last quarter. Scientech Research LLC acquired a new position in reAlpha Tech in the 3rd quarter valued at $87,000. Finally, Geode Capital Management LLC raised its position in reAlpha Tech by 120.4% during the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after buying an additional 514,306 shares during the last quarter. 1.02% of the stock is owned by institutional investors and hedge funds.

reAlpha Tech Trading Up 2.5%

Shares of reAlpha Tech stock opened at $0.32 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.70 and a current ratio of 2.70. The company has a market capitalization of $42.10 million, a P/E ratio of -1.45 and a beta of -3.35. reAlpha Tech has a 1 year low of $0.14 and a 1 year high of $1.80. The company’s fifty day moving average is $0.37 and its two-hundred day moving average is $0.52.

reAlpha Tech (NASDAQ:AIRE) last announced its earnings results on Thursday, March 12th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. reAlpha Tech had a negative net margin of 389.38% and a negative return on equity of 346.03%. The business had revenue of $0.89 million during the quarter, compared to analysts’ expectations of $0.94 million. Analysts forecast that reAlpha Tech will post -0.16 earnings per share for the current year.

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.