Real Messenger Corporation (NASDAQ:RMSG) Short Interest Down 75.5% in June

Real Messenger Corporation (NASDAQ:RMSG) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 86,139 shares, a drop of 75.5% from the May 31st total of 350,907 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 23,179,289 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC purchased a new position in shares of Real Messenger Corporation (NASDAQ:RMSG) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned approximately 0.21% of Real Messenger at the end of the most recent reporting period. Hedge funds and other institutional investors own 37.44% of the company’s stock.

Real Messenger Stock Up 5.9%

Shares of NASDAQ:RMSG traded up $0.03 during trading on Monday, reaching $0.49. 108,984 shares of the company traded hands, compared to its average volume of 9,790,373. The firm has a fifty day simple moving average of $1.21 and a 200 day simple moving average of $1.07. The firm has a market cap of $4.37 million, a P/E ratio of -49.30 and a beta of 0.53. Real Messenger has a 1-year low of $0.33 and a 1-year high of $5.46.

Real Messenger (NASDAQ:RMSG) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $0.01 million for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Real Messenger to a “hold” rating in a research note on Saturday, May 16th.

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.