Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Drops By 33.1%

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 5,664,753 shares, a decrease of 33.1% from the December 31st total of 8,469,399 shares. Based on an average daily volume of 6,867,582 shares, the days-to-cover ratio is presently 0.8 days. Currently, 7.2% of the shares of the company are short sold. Currently, 7.2% of the shares of the company are short sold. Based on an average daily volume of 6,867,582 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Scientech Research LLC acquired a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned 0.13% of reAlpha Tech as of its most recent filing with the SEC. Institutional investors own 1.02% of the company’s stock.

reAlpha Tech Stock Down 5.0%

reAlpha Tech stock opened at $0.38 on Friday. The business’s 50-day simple moving average is $0.47 and its two-hundred day simple moving average is $0.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.99 and a current ratio of 3.99. The company has a market cap of $49.39 million, a PE ratio of -1.80 and a beta of -3.58. reAlpha Tech has a fifty-two week low of $0.14 and a fifty-two week high of $2.08.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The firm had revenue of $1.45 million for the quarter. reAlpha Tech had a negative return on equity of 595.92% and a negative net margin of 813.89%. Equities analysts anticipate that reAlpha Tech will post -0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIRE. Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a research note on Monday, December 29th. HC Wainwright restated a “buy” rating and set a $2.00 target price on shares of reAlpha Tech in a research report on Tuesday, December 30th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, reAlpha Tech presently has a consensus rating of “Hold” and a consensus target price of $1.63.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.