Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Down 39.2% in July

Reitar Logtech Holdings Limited (NASDAQ:RITR) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 180,723 shares, a drop of 39.2% from the July 15th total of 297,227 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 11,583,423 shares, the short-interest ratio is presently 0.0 days.

Reitar Logtech Price Performance

NASDAQ:RITR traded down $0.04 during mid-day trading on Tuesday, reaching $0.08. 8,032,162 shares of the stock were exchanged, compared to its average volume of 17,272,729. The business has a fifty day moving average price of $0.32 and a 200 day moving average price of $0.51. Reitar Logtech has a 1-year low of $0.05 and a 1-year high of $7.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Reitar Logtech in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Trading of Reitar Logtech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in Reitar Logtech in the third quarter worth approximately $518,000. Geode Capital Management LLC acquired a new position in shares of Reitar Logtech in the 2nd quarter worth $131,000. Citadel Advisors LLC acquired a new stake in shares of Reitar Logtech during the third quarter worth $140,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Reitar Logtech during the third quarter valued at $108,000.

Reitar Logtech Company Profile

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.