reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Update

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 5,664,753 shares, a decline of 33.1% from the December 31st total of 8,469,399 shares. Currently, 7.2% of the company’s stock are short sold. Based on an average trading volume of 6,867,582 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 6,867,582 shares, the days-to-cover ratio is currently 0.8 days. Currently, 7.2% of the company’s stock are short sold.

reAlpha Tech Stock Performance

NASDAQ:AIRE opened at $0.38 on Friday. The stock has a market cap of $49.39 million, a P/E ratio of -1.80 and a beta of -3.58. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $0.47 and its two-hundred day moving average price is $0.53. reAlpha Tech has a twelve month low of $0.14 and a twelve month high of $2.08.

reAlpha Tech (NASDAQ:AIRE) last released its earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). reAlpha Tech had a negative return on equity of 595.92% and a negative net margin of 813.89%.The firm had revenue of $1.45 million during the quarter. As a group, equities analysts predict that reAlpha Tech will post -0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $2.00 price objective on shares of reAlpha Tech in a research report on Tuesday, December 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of reAlpha Tech in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.63.

Institutional Investors Weigh In On reAlpha Tech

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) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned approximately 0.13% of reAlpha Tech at the end of the most recent quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.

About reAlpha Tech

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.