Short Interest in The RealReal, Inc. (NASDAQ:REAL) Declines By 17.2%

The RealReal, Inc. (NASDAQ:REAL) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 13,650,000 shares, a decrease of 17.2% from the November 30th total of 16,480,000 shares. Approximately 16.2% of the shares of the company are sold short. Based on an average trading volume of 2,600,000 shares, the days-to-cover ratio is presently 5.3 days.

Insider Transactions at RealReal

In other news, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the sale, the chief accounting officer now directly owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.78% of the company’s stock.

Hedge Funds Weigh In On RealReal

A number of large investors have recently made changes to their positions in REAL. State Street Corp grew its position in RealReal by 22.3% during the third quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after buying an additional 310,116 shares during the period. Crestwood Capital Management L.P. boosted its stake in shares of RealReal by 20.6% during the 3rd quarter. Crestwood Capital Management L.P. now owns 1,193,501 shares of the company’s stock worth $3,748,000 after acquiring an additional 204,226 shares in the last quarter. Anthracite Investment Company Inc. grew its holdings in shares of RealReal by 62.0% in the 3rd quarter. Anthracite Investment Company Inc. now owns 745,304 shares of the company’s stock worth $2,340,000 after acquiring an additional 285,304 shares during the period. Woodson Capital Management LP increased its stake in RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in RealReal in the 2nd quarter valued at approximately $1,563,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on REAL. Northland Securities increased their price objective on RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. UBS Group increased their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Stock Performance

NASDAQ:REAL traded down $0.17 during trading hours on Tuesday, hitting $11.01. The company’s stock had a trading volume of 1,816,575 shares, compared to its average volume of 2,727,452. RealReal has a 52-week low of $1.52 and a 52-week high of $11.38. The business’s 50-day moving average is $5.93 and its two-hundred day moving average is $4.07. The company has a market capitalization of $1.21 billion, a PE ratio of -12.51 and a beta of 3.09.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.