Real Messenger Corporation (NASDAQ:RMSG) Shares Shorted: Short Interest Down 86.2% in September

Real Messenger Corporation (NASDAQ:RMSG) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 28,633 shares, a decline of 86.2% from the August 31st total of 207,353 shares. Based on an average trading volume of 147,894 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the shares of the stock are short sold.

Real Messenger Price Performance

Shares of NASDAQ:RMSG traded down $0.01 during trading on Friday, hitting $0.29. 160,228 shares of the company’s stock were exchanged, compared to its average volume of 6,797,089. Real Messenger has a 52-week low of $0.25 and a 52-week high of $3.90. The business’s 50-day simple moving average is $0.35 and its 200 day simple moving average is $0.73. The company has a market cap of $3.06 million, a price-to-earnings ratio of -28.80 and a beta of 0.65.

Real Messenger (NASDAQ:RMSG) last issued its earnings results on Tuesday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.00 million during the quarter.

Real Messenger announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 25th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Real Messenger

A hedge fund recently bought a new position in Real Messenger stock. Citadel Advisors LLC bought a new position in Real Messenger Corporation (NASDAQ:RMSG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned approximately 1.40% of Real Messenger as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 37.44% of the company’s stock.

About Real Messenger

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.