Real Messenger Corporation (NASDAQ:RMSG) Shares Shorted: Short Interest Up 160.1% in October

Real Messenger Corporation (NASDAQ:RMSG) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 592,059 shares, a growth of 160.1% from the September 30th total of 227,640 shares. Approximately 10.4% of the shares of the company are short sold. Based on an average trading volume of 2,261,609 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC purchased a new position in Real Messenger Corporation (NASDAQ:RMSG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned about 1.40% of Real Messenger as of its most recent SEC filing. 37.44% of the stock is currently owned by institutional investors.

Real Messenger Stock Down 4.5%

NASDAQ RMSG traded down $0.01 during trading hours on Thursday, reaching $0.21. 134,869 shares of the company were exchanged, compared to its average volume of 6,157,004. The stock has a market capitalization of $2.25 million, a P/E ratio of -21.10 and a beta of 0.67. Real Messenger has a 1 year low of $0.21 and a 1 year high of $3.90. The business’s 50 day simple moving average is $0.30 and its 200-day simple moving average is $0.71.

Real Messenger (NASDAQ:RMSG) last released its quarterly earnings data on Tuesday, July 28th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.00 million for the quarter.

Real Messenger declared that its board has approved a stock repurchase program on Tuesday, August 25th that allows the company to buy back shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Share buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Real Messenger Company Profile

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.