Short Interest in Real Messenger Corporation (NASDAQ:RMSG) Declines By 75.5%

Real Messenger Corporation (NASDAQ:RMSG) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 86,139 shares, a decline of 75.5% from the May 31st total of 350,907 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average trading volume of 23,179,289 shares, the days-to-cover ratio is currently 0.0 days.

Real Messenger Stock Down 5.0%

NASDAQ:RMSG traded down $0.02 during mid-day trading on Friday, reaching $0.47. The company’s stock had a trading volume of 116,483 shares, compared to its average volume of 13,351,818. The company’s fifty day simple moving average is $1.21 and its two-hundred day simple moving average is $1.07. Real Messenger has a twelve month low of $0.33 and a twelve month high of $5.46.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Real Messenger

A hedge fund recently bought a new position in Real Messenger stock. Citadel Advisors LLC acquired a new position in shares of Real Messenger Corporation (NASDAQ:RMSG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned about 0.21% of Real Messenger as of its most recent SEC filing. 37.44% of the stock is currently owned by institutional investors.

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.