Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Decreases By 29.3%

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 5,281,721 shares, a decrease of 29.3% from the November 30th total of 7,474,835 shares. Approximately 6.8% of the shares of the company are short sold. Based on an average trading volume of 2,774,722 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 2,774,722 shares, the days-to-cover ratio is presently 1.9 days. Approximately 6.8% of the shares of the company are short sold.

reAlpha Tech Trading Up 2.6%

AIRE stock opened at $0.46 on Monday. reAlpha Tech has a 52-week low of $0.14 and a 52-week high of $3.29. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.01. The firm has a market cap of $60.78 million, a P/E ratio of -2.21 and a beta of -3.74. The company’s 50-day simple moving average is $0.54 and its 200-day simple moving average is $0.51.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $1.45 million during the quarter. reAlpha Tech had a negative net margin of 813.89% and a negative return on equity of 595.92%. As a group, equities analysts forecast that reAlpha Tech will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Scientech Research LLC acquired a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned 0.13% of reAlpha Tech as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AIRE. HC Wainwright started coverage on shares of reAlpha Tech in a research report on Wednesday, November 26th. They set a “buy” rating and a $2.00 target price for the company. Wall Street Zen cut reAlpha Tech to a “strong sell” rating in a report on Saturday, September 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, reAlpha Tech presently has a consensus rating of “Hold” and an average target price of $1.63.

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.