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

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 5,664,753 shares, a drop of 33.1% from the December 31st total of 8,469,399 shares. Based on an average daily volume of 6,867,582 shares, the short-interest ratio is currently 0.8 days. Approximately 7.2% of the shares of the stock are short sold. Approximately 7.2% of the shares of the stock are short sold. Based on an average daily volume of 6,867,582 shares, the short-interest ratio is currently 0.8 days.

reAlpha Tech Stock Performance

Shares of AIRE opened at $0.38 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99. The business’s fifty day moving average price is $0.47 and its 200 day moving average price is $0.53. reAlpha Tech has a 12-month low of $0.14 and a 12-month high of $2.08. The stock has a market capitalization of $49.39 million, a PE ratio of -1.80 and a beta of -3.58.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm 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%. Equities research analysts forecast that reAlpha Tech will post -0.16 EPS for the current year.

Analysts Set New Price Targets

AIRE has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday, December 29th. HC Wainwright reissued a “buy” rating and set a $2.00 price target on shares of reAlpha Tech in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1.63.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in reAlpha Tech stock. Scientech Research LLC acquired a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned 0.13% of reAlpha Tech at the end of the most recent quarter. 1.02% of the stock is currently owned by institutional investors and hedge funds.

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.