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

Reitar Logtech Holdings Limited (NASDAQ:RITR) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 844,142 shares, an increase of 437.4% from the May 31st total of 157,087 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 3,134,764 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Reitar Logtech

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Reitar Logtech during the 3rd quarter worth $108,000. Citadel Advisors LLC acquired a new stake in shares of Reitar Logtech in the 3rd quarter worth approximately $140,000. Geode Capital Management LLC bought a new position in shares of Reitar Logtech in the second quarter valued at approximately $131,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Reitar Logtech during the third quarter valued at approximately $518,000.

Reitar Logtech Stock Performance

RITR stock traded up $0.01 on Friday, hitting $0.51. 28,894 shares of the company were exchanged, compared to its average volume of 2,012,839. Reitar Logtech has a twelve month low of $0.40 and a twelve month high of $7.68. The business’s fifty day moving average is $0.51 and its two-hundred day moving average is $0.74.

Reitar Logtech (NASDAQ:RITR) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.04) EPS for the quarter. The business had revenue of $3.56 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Reitar Logtech in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

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.