Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Grows By 5.2%

reAlpha Tech Corp. (NASDAQ:AIRE) saw a large growth in short interest during the month of 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. Approximately 4.9% of the company’s shares are short sold. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of reAlpha Tech

An institutional investor recently bought a new position in reAlpha Tech stock. Vanguard Group Inc. bought a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 57,800 shares of the company’s stock, valued at approximately $115,000. Vanguard Group Inc. owned 0.13% of reAlpha Tech as of its most recent filing with the Securities and Exchange Commission (SEC). 1.02% of the stock is currently owned by institutional investors and hedge funds.

reAlpha Tech Stock Performance

AIRE traded down $0.11 during trading on Tuesday, reaching $0.74. The company had a trading volume of 242,981 shares, compared to its average volume of 1,011,441. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.87. reAlpha Tech has a 12 month low of $0.73 and a 12 month high of $575.41. The company’s fifty day moving average price is $1.32.

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.