Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Update

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 3,191,534 shares, an increase of 181.8% from the August 15th total of 1,132,544 shares. Approximately 5.1% of the company’s stock are sold short. Based on an average trading volume of 107,162,286 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Reitar Logtech from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Reitar Logtech Stock Performance

Shares of NASDAQ:RITR traded down $0.00 during trading on Monday, hitting $0.08. 5,242,333 shares of the stock traded hands, compared to its average volume of 78,748,224. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average price of $0.14 and a two-hundred day moving average price of $0.40. Reitar Logtech has a 52-week low of $0.05 and a 52-week high of $7.68.

Reitar Logtech (NASDAQ:RITR) last posted its earnings results on Monday, August 17th. The company reported ($2.86) EPS for the quarter. The firm had revenue of $10.60 million during the quarter.

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.