reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Up 56.3% in May

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 864,100 shares, a growth of 56.3% from the May 15th total of 552,700 shares. Based on an average daily volume of 789,900 shares, the days-to-cover ratio is currently 1.1 days. Currently, 8.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP acquired a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned about 0.06% of reAlpha Tech at the end of the most recent reporting period. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

reAlpha Tech Trading Down 8.9%

Shares of AIRE stock opened at $0.42 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03. reAlpha Tech has a 12-month low of $0.40 and a 12-month high of $4.49. The firm has a fifty day moving average of $0.57 and a 200-day moving average of $1.21.

reAlpha Tech (NASDAQ:AIRE) last issued its earnings results on Friday, May 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $0.53 million during the quarter, compared to the consensus estimate of $0.67 million. reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%. Sell-side analysts predict that reAlpha Tech will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Maxim Group cut their target price on shares of reAlpha Tech from $3.00 to $1.25 and set a “buy” rating for the company in a research note on Wednesday, May 21st.

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.