reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Down 16.2% in September

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 298,500 shares, a drop of 16.2% from the August 31st total of 356,300 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average trading volume of 142,100 shares, the short-interest ratio is presently 2.1 days.

reAlpha Tech Trading Up 0.8 %

NASDAQ AIRE opened at $1.29 on Monday. The firm has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.18. reAlpha Tech has a twelve month low of $0.53 and a twelve month high of $575.41.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $0.06 million for the quarter. reAlpha Tech had a negative return on equity of 11.94% and a negative net margin of 1,259.42%.

Hedge Funds Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC acquired a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned 0.08% of reAlpha Tech at the end of the most recent reporting period. Institutional investors and hedge funds own 1.02% of the company’s stock.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.