Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Up 637.5% in July

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 297,227 shares, an increase of 637.5% from the June 30th total of 40,303 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 689,663 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Reitar Logtech in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Reitar Logtech presently has a consensus rating of “Sell”.

Institutional Trading of Reitar Logtech

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in Reitar Logtech during the third quarter valued at $108,000. Geode Capital Management LLC purchased a new stake in Reitar Logtech in the 2nd quarter worth about $131,000. Citadel Advisors LLC acquired a new stake in Reitar Logtech during the 3rd quarter worth about $140,000. Finally, BNP Paribas Financial Markets acquired a new stake in Reitar Logtech during the 3rd quarter worth about $518,000.

Reitar Logtech Trading Down 18.5%

NASDAQ RITR opened at $0.11 on Friday. The firm’s 50 day moving average price is $0.43 and its two-hundred day moving average price is $0.61. Reitar Logtech has a twelve month low of $0.09 and a twelve month high of $7.68.

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.