Real Messenger Corporation (NASDAQ:RMSG) Sees Large Drop in Short Interest

Real Messenger Corporation (NASDAQ:RMSGGet Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 27,361 shares, a drop of 61.6% from the July 15th total of 71,202 shares. Based on an average trading volume of 1,155,576 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.5% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen raised Real Messenger to a “hold” rating in a report on Saturday, May 16th.

Get Our Latest Stock Analysis on Real Messenger

Institutional Investors Weigh In On Real Messenger

An institutional investor recently bought a new position in Real Messenger stock. Citadel Advisors LLC acquired a new position in shares of Real Messenger Corporation (NASDAQ:RMSGFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned 0.21% of Real Messenger at the end of the most recent quarter. 37.44% of the stock is currently owned by hedge funds and other institutional investors.

Real Messenger Stock Up 5.0%

NASDAQ:RMSG opened at $0.40 on Friday. The business’s 50-day moving average price is $0.49 and its 200 day moving average price is $0.81. The firm has a market cap of $4.26 million, a P/E ratio of -40.05 and a beta of 0.65. Real Messenger has a 52-week low of $0.29 and a 52-week high of $5.46.

Real Messenger (NASDAQ:RMSGGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $0.01 million for the quarter.

Real Messenger Company Profile

(Get Free Report)

Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.

Further Reading

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