reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Up 164.9% in September

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 17,460,000 shares, an increase of 164.9% from the August 31st total of 6,590,000 shares. Based on an average daily trading volume, of 33,090,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 72.0% of the company’s shares are short sold. Currently, 72.0% of the company’s shares are short sold. Based on an average daily trading volume, of 33,090,000 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP bought a new stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned about 0.06% of reAlpha Tech at the end of the most recent quarter. Hedge funds and other institutional investors own 1.02% of the company’s stock.

Analysts Set New Price Targets

AIRE has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of reAlpha Tech in a research note on Saturday, September 27th. Wall Street Zen cut shares of reAlpha Tech to a “strong sell” rating in a report on Saturday, September 13th. Finally, Maxim Group restated a “hold” rating on shares of reAlpha Tech in a report on Monday, July 28th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $1.25.

reAlpha Tech Trading Up 0.0%

Shares of reAlpha Tech stock opened at $0.68 on Friday. reAlpha Tech has a 1 year low of $0.14 and a 1 year high of $4.49. The firm’s 50-day moving average is $0.59 and its 200 day moving average is $0.58.

reAlpha Tech (NASDAQ:AIRE) last issued its earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The firm had revenue of $1.25 million during the quarter, compared to analysts’ expectations of $1.20 million. reAlpha Tech had a negative return on equity of 213.07% and a negative net margin of 988.62%. Equities analysts expect that reAlpha Tech will post -0.16 EPS for the current year.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.