Short Interest in Reitar Logtech Holdings Limited (NASDAQ:RITR) Decreases By 31.8%

Reitar Logtech Holdings Limited (NASDAQ:RITR) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 430,473 shares, a decline of 31.8% from the March 15th total of 630,996 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 84,596 shares, the days-to-cover ratio is presently 5.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Reitar Logtech in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Reitar Logtech Stock Up 7.8%

RITR stock traded up $0.04 during trading on Tuesday, reaching $0.48. 92,992 shares of the company were exchanged, compared to its average volume of 1,240,509. Reitar Logtech has a 52-week low of $0.42 and a 52-week high of $8.37. The stock’s 50 day moving average price is $0.67 and its 200 day moving average price is $1.26.

Reitar Logtech (NASDAQ:RITR) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.04) EPS for the quarter. The firm had revenue of $3.56 million during the quarter.

Institutional Trading of Reitar Logtech

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Reitar Logtech during the 3rd quarter worth $518,000. Geode Capital Management LLC purchased a new stake in shares of Reitar Logtech in the second quarter valued at about $131,000. Citadel Advisors LLC acquired a new stake in shares of Reitar Logtech in the third quarter valued at approximately $140,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Reitar Logtech during the 3rd quarter worth approximately $108,000.

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.