Reitar Logtech Holdings Limited (NASDAQ:RITR) Sees Significant Decrease in Short Interest

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 40,303 shares, a decrease of 95.2% from the June 15th total of 844,142 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 545,460 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Reitar Logtech

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new position in Reitar Logtech during the 2nd quarter valued at approximately $131,000. JPMorgan Chase & Co. acquired a new stake in shares of Reitar Logtech during the third quarter worth $108,000. BNP Paribas Financial Markets acquired a new stake in shares of Reitar Logtech during the third quarter worth $518,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Reitar Logtech during the third quarter valued at $140,000.

Reitar Logtech Stock Performance

Shares of RITR traded down $0.01 during mid-day trading on Friday, hitting $0.27. 362,321 shares of the company traded hands, compared to its average volume of 1,149,188. Reitar Logtech has a 1-year low of $0.25 and a 1-year high of $7.68. The business has a 50 day moving average of $0.49 and a 200 day moving average of $0.69.

Wall Street Analysts Forecast Growth

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

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.