Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Decreases By 37.2%

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 39,800 shares, a decline of 37.2% from the November 30th total of 63,400 shares. Based on an average daily trading volume, of 97,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

reAlpha Tech Stock Down 29.1 %

NASDAQ:AIRE traded down $1.04 during midday trading on Friday, reaching $2.54. 8,333,926 shares of the stock traded hands, compared to its average volume of 1,474,969. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $1.20 and a 200 day moving average of $1.24. reAlpha Tech has a 12 month low of $0.53 and a 12 month high of $4.49.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%. The firm had revenue of $0.34 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Maxim Group initiated coverage on reAlpha Tech in a research report on Friday, October 25th. They set a “buy” rating and a $3.00 price target on the stock.

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.