Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Update

Reitar Logtech Holdings Limited (NASDAQ:RITR) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 180,723 shares, a decline of 39.2% from the July 15th total of 297,227 shares. Based on an average daily trading volume, of 11,583,423 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the company’s shares are short sold.

Reitar Logtech Price Performance

Shares of RITR opened at $0.08 on Thursday. The firm has a fifty day simple moving average of $0.30 and a two-hundred day simple moving average of $0.49. Reitar Logtech has a twelve month low of $0.05 and a twelve month high of $7.68.

Institutional Trading of Reitar Logtech

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in Reitar Logtech during the 3rd quarter valued at about $518,000. Geode Capital Management LLC bought a new stake in shares of Reitar Logtech in the 2nd quarter worth approximately $131,000. Citadel Advisors LLC purchased a new position in shares of Reitar Logtech during the third quarter valued at approximately $140,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Reitar Logtech during the third quarter valued at approximately $108,000.

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.