Short Interest in Real Messenger Corporation (NASDAQ:RMSG) Drops By 75.0%

Real Messenger Corporation (NASDAQ:RMSG) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 38,549 shares, a drop of 75.0% from the February 26th total of 154,465 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 56,720 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Real Messenger

An institutional investor recently bought a new position in Real Messenger stock. Citadel Advisors LLC purchased a new position in shares of Real Messenger Corporation (NASDAQ:RMSG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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. Institutional investors own 37.44% of the company’s stock.

Real Messenger Stock Performance

RMSG opened at $0.63 on Friday. Real Messenger has a one year low of $0.33 and a one year high of $5.46. The stock has a market capitalization of $5.63 million, a PE ratio of -63.42 and a beta of -0.60. The business’s 50 day moving average price is $0.73 and its 200 day moving average price is $1.59.

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.