reAlpha Tech Corp. (NASDAQ:AIRE) Sees Significant Growth in Short Interest

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,030,000 shares, an increase of 2,487.9% from the December 15th total of 39,800 shares. Approximately 8.6% of the company’s stock are sold short. Based on an average trading volume of 2,370,000 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

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

reAlpha Tech Stock Performance

AIRE stock opened at $1.61 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.03. reAlpha Tech has a twelve month low of $0.53 and a twelve month high of $4.49. The stock’s 50 day moving average is $1.45 and its 200-day moving average is $1.34.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share 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 company had revenue of $0.34 million for the quarter.

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.