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

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 3,534,009 shares, a decline of 17.4% from the February 26th total of 4,279,558 shares. Based on an average daily volume of 1,560,115 shares, the short-interest ratio is presently 2.3 days. Approximately 4.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AIRE shares. HC Wainwright reissued a “buy” rating and issued a $2.00 target price on shares of reAlpha Tech in a research note on Monday, February 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday, December 29th. One equities research 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1.63.

reAlpha Tech Stock Performance

AIRE opened at $0.23 on Monday. The firm’s fifty day moving average is $0.34 and its two-hundred day moving average is $0.51. The firm has a market cap of $30.51 million, a PE ratio of -1.05 and a beta of -3.36. reAlpha Tech has a twelve month low of $0.14 and a twelve month high of $1.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.70 and a current ratio of 2.70.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings results on Thursday, March 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $0.89 million during the quarter, compared to analyst estimates of $0.94 million. Equities research analysts anticipate that reAlpha Tech will post -0.16 EPS for the current year.

Institutional Investors Weigh In On reAlpha Tech

Large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of reAlpha Tech by 120.4% during the fourth quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after purchasing an additional 514,306 shares during the period. State Street Corp grew its position in shares of 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 purchasing an additional 80,800 shares during the period. Virtu Financial LLC grew its position in shares of reAlpha Tech by 484.4% in the 3rd quarter. Virtu Financial LLC now owns 114,150 shares of the company’s stock valued at $88,000 after purchasing an additional 94,616 shares during the period. Finally, Scientech Research LLC bought a new stake in reAlpha Tech during the 3rd quarter worth approximately $87,000. 1.02% of the stock is currently owned by institutional investors.

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.