Real Messenger Corporation (NASDAQ:RMSG) Sees Significant Drop in Short Interest

Real Messenger Corporation (NASDAQ:RMSG) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 27,361 shares, a decline of 61.6% from the July 15th total of 71,202 shares. Based on an average daily volume of 1,155,576 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Real Messenger to a “hold” rating in a research report on Saturday, May 16th.

Institutional Investors Weigh In On Real Messenger

An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC bought a new stake in Real Messenger Corporation (NASDAQ:RMSG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned 0.21% of Real Messenger as of its most recent SEC filing. Institutional investors own 37.44% of the company’s stock.

Real Messenger Trading Down 4.8%

NASDAQ:RMSG traded down $0.02 during trading hours on Friday, hitting $0.38. The company had a trading volume of 114,267 shares, compared to its average volume of 798,481. The company has a 50-day moving average of $0.46 and a 200 day moving average of $0.81. The company has a market cap of $4.06 million, a P/E ratio of -38.14 and a beta of 0.65. Real Messenger has a 1 year low of $0.29 and a 1 year high of $5.46.

Real Messenger (NASDAQ:RMSG) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.12) EPS for the quarter. The firm had revenue of $0.01 million during the quarter.

Real Messenger Company Profile

Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.