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

reAlpha Tech Corp. (NASDAQ:AIRE) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 514,500 shares, a growth of 5.2% from the March 15th total of 489,300 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,100,000 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Vanguard Group Inc. bought a new position in reAlpha Tech Corp. (NASDAQ:AIRE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 57,800 shares of the company’s stock, valued at approximately $115,000. Vanguard Group Inc. owned approximately 0.13% of reAlpha Tech at the end of the most recent reporting period. Institutional investors own 1.02% of the company’s stock.

reAlpha Tech Stock Performance

AIRE stock opened at $0.75 on Wednesday. reAlpha Tech has a 52 week low of $0.67 and a 52 week high of $575.41. The stock’s 50-day moving average is $1.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, focuses on developing, utilizing, and commercializing real-estate focused artificial intelligence (AI). The company operates in two segments, Platform Services and Rental Business. The Platform Services segment offers and develops AI-based products and services to customers in the real-estate industry.