Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Down 21.4% in January

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 141,498 shares, a decline of 21.4% from the December 31st total of 179,955 shares. Based on an average daily trading volume, of 309,052 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 309,052 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Reitar Logtech in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Reitar Logtech has an average rating of “Sell”.

Reitar Logtech Stock Down 12.0%

Shares of RITR traded down $0.12 during trading hours on Friday, hitting $0.88. The stock had a trading volume of 134,036 shares, compared to its average volume of 214,955. The company’s fifty day moving average is $1.11 and its two-hundred day moving average is $2.73. Reitar Logtech has a 52 week low of $0.83 and a 52 week high of $8.37.

Hedge Funds Weigh In On Reitar Logtech

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Reitar Logtech in the second quarter valued at $51,000. JPMorgan Chase & Co. bought a new stake in Reitar Logtech during the 3rd quarter worth about $108,000. Geode Capital Management LLC acquired a new stake in Reitar Logtech in the 2nd quarter valued at about $131,000. Citadel Advisors LLC bought a new position in shares of Reitar Logtech in the third quarter worth about $140,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Reitar Logtech during the third quarter worth approximately $518,000.

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.