Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Update

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 40,303 shares, a drop of 95.2% from the June 15th total of 844,142 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 545,460 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new position in shares of Reitar Logtech during the 3rd quarter worth approximately $518,000. Geode Capital Management LLC bought a new stake in Reitar Logtech in the second quarter valued at $131,000. Citadel Advisors LLC acquired a new position in Reitar Logtech during the third quarter worth $140,000. Finally, JPMorgan Chase & Co. acquired a new position in Reitar Logtech during the third quarter worth $108,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Reitar Logtech in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Reitar Logtech Stock Performance

Shares of NASDAQ:RITR traded down $0.01 on Friday, hitting $0.27. 362,321 shares of the company were exchanged, compared to its average volume of 576,779. The company’s 50 day moving average price is $0.49 and its two-hundred day moving average price is $0.69. Reitar Logtech has a one year low of $0.25 and a one year high of $7.68.

About Reitar Logtech

Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems. It also offers asset management services for construction projects, including refrigerated storages and warehouses; and professional consultancy services for construction projects, such as renovation works, interior designs and modification works of commercial units, and residential or commercial redevelopment works.