reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Up 60.4% in December

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 8,469,399 shares, a growth of 60.4% from the December 15th total of 5,281,721 shares. Currently, 10.7% of the shares of the stock are short sold. Based on an average trading volume of 11,022,963 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 11,022,963 shares, the short-interest ratio is presently 0.8 days. Currently, 10.7% of the shares of the stock are short sold.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Scientech Research LLC purchased a new stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned approximately 0.13% of reAlpha Tech at the end of the most recent quarter. 1.02% of the stock is owned by institutional investors and hedge funds.

reAlpha Tech Price Performance

AIRE stock opened at $0.45 on Friday. The company has a 50 day simple moving average of $0.48 and a 200 day simple moving average of $0.52. The stock has a market cap of $58.57 million, a price-to-earnings ratio of -2.13 and a beta of -3.58. reAlpha Tech has a 1 year low of $0.14 and a 1 year high of $2.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99.

reAlpha Tech (NASDAQ:AIRE) last issued its earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $1.45 million during the quarter. reAlpha Tech had a negative net margin of 813.89% and a negative return on equity of 595.92%. Research analysts anticipate that reAlpha Tech will post -0.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on AIRE. HC Wainwright restated a “buy” rating and issued a $2.00 price target on shares of reAlpha Tech in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1.63.

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.