Real Messenger Corporation (NASDAQ:RMSG) Stock Short Interest Report for September

Real Messenger Corporation (NASDAQ:RMSG) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 227,640 shares, an increase of 695.0% from the September 15th total of 28,633 shares. Approximately 4.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,958,088 shares, the days-to-cover ratio is currently 0.1 days.

Real Messenger Trading Down 1.7%

RMSG stock opened at $0.30 on Friday. The firm has a 50 day simple moving average of $0.33 and a 200-day simple moving average of $0.71. The company has a market capitalization of $3.19 million, a P/E ratio of -29.97 and a beta of 0.67. Real Messenger has a twelve month low of $0.25 and a twelve month high of $3.90.

Real Messenger (NASDAQ:RMSG) last posted its quarterly earnings results on Tuesday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.00 million for the quarter.

Real Messenger announced that its board has authorized a stock buyback program on Tuesday, August 25th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Real Messenger

An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC purchased a new position in Real Messenger Corporation (NASDAQ:RMSG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned approximately 1.40% of Real Messenger as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 37.44% of the company’s stock.

About Real Messenger

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.