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

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,030,000 shares, an increase of 2,487.9% from the December 31st total of 39,800 shares. Based on an average daily volume of 2,370,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 8.6% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Maxim Group assumed coverage on reAlpha Tech in a research note on Friday, October 25th. They set a “buy” rating and a $3.00 price objective for the company.

reAlpha Tech Stock Performance

NASDAQ:AIRE opened at $1.65 on Thursday. reAlpha Tech has a fifty-two week low of $0.53 and a fifty-two week high of $4.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day moving average price of $1.60 and a 200-day moving average price of $1.37.

reAlpha Tech (NASDAQ:AIRE) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $0.34 million during the quarter. reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%. Equities analysts forecast that reAlpha Tech will post -0.16 earnings per share for the current year.

reAlpha Tech Company Profile

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.