reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Update

reAlpha Tech Corp. (NASDAQ:AIRE) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 4,279,558 shares, a decrease of 12.8% from the February 12th total of 4,909,607 shares. Based on an average daily volume of 1,140,984 shares, the days-to-cover ratio is currently 3.8 days. Currently, 5.4% of the shares of the company are short sold. Currently, 5.4% of the shares of the company are short sold. Based on an average daily volume of 1,140,984 shares, the days-to-cover ratio is currently 3.8 days.

reAlpha Tech Price Performance

AIRE stock opened at $0.34 on Wednesday. The stock has a 50-day simple moving average of $0.36 and a 200-day simple moving average of $0.52. The firm has a market cap of $44.80 million, a P/E ratio of -1.54 and a beta of -3.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.70 and a current ratio of 2.70. reAlpha Tech has a 1 year low of $0.14 and a 1 year high of $1.80.

reAlpha Tech (NASDAQ:AIRE) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. reAlpha Tech had a negative return on equity of 346.03% and a negative net margin of 389.38%.The firm had revenue of $0.89 million during the quarter, compared to analysts’ expectations of $0.94 million. On average, equities analysts predict that reAlpha Tech will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC grew its holdings in reAlpha Tech by 484.4% during the 3rd quarter. Virtu Financial LLC now owns 114,150 shares of the company’s stock valued at $88,000 after purchasing an additional 94,616 shares in the last quarter. Scientech Research LLC acquired a new position in reAlpha Tech in the 3rd quarter worth $87,000. Geode Capital Management LLC lifted its holdings in reAlpha Tech by 120.4% in the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after buying an additional 514,306 shares in the last quarter. Finally, State Street Corp boosted its position in reAlpha Tech by 49.9% in the 4th quarter. State Street Corp now owns 242,650 shares of the company’s stock valued at $101,000 after buying an additional 80,800 shares during the last quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AIRE shares. HC Wainwright reissued a “buy” rating and set a $2.00 price objective on shares of reAlpha Tech in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of reAlpha Tech in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, reAlpha Tech currently has a consensus rating of “Hold” and a consensus target price of $1.63.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.