Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Update

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 3,191,534 shares, a growth of 181.8% from the August 15th total of 1,132,544 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average trading volume of 107,162,286 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Reitar Logtech

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of Reitar Logtech in the 3rd quarter worth about $518,000. Geode Capital Management LLC bought a new stake in shares of Reitar Logtech during the 2nd quarter valued at about $131,000. Citadel Advisors LLC bought a new stake in shares of Reitar Logtech during the 3rd quarter valued at about $140,000. Finally, JPMorgan Chase & Co. acquired a new stake in Reitar Logtech during the third quarter worth about $108,000.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Reitar Logtech from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Reitar Logtech Trading Down 2.7%

Shares of RITR opened at $0.09 on Friday. The stock has a 50 day moving average of $0.15 and a 200-day moving average of $0.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. Reitar Logtech has a 52 week low of $0.05 and a 52 week high of $7.68.

Reitar Logtech (NASDAQ:RITR) last posted its quarterly earnings results on Monday, August 17th. The company reported ($2.86) earnings per share (EPS) for the quarter. The company had revenue of $10.60 million during the quarter.

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.