Short Interest in reAlpha Tech Corp. (NASDAQ:AIRE) Declines By 13.5%

reAlpha Tech Corp. (NASDAQ:AIRE) saw a significant drop in short interest in March. As of March 15th, there was short interest totalling 598,400 shares, a drop of 13.5% from the February 28th total of 691,700 shares. Based on an average daily volume of 2,570,000 shares, the short-interest ratio is currently 0.2 days. Currently, 4.9% of the company’s stock are sold short.

reAlpha Tech Price Performance

reAlpha Tech stock opened at $1.10 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.03 and a current ratio of 1.03. reAlpha Tech has a fifty-two week low of $0.53 and a fifty-two week high of $4.49. The firm’s 50-day simple moving average is $1.51 and its 200 day simple moving average is $1.42.

Hedge Funds Weigh In On reAlpha Tech

An institutional investor recently raised its position in reAlpha Tech stock. Geode Capital Management LLC lifted its stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,394 shares of the company’s stock after purchasing an additional 12,435 shares during the period. Geode Capital Management LLC owned 0.19% of reAlpha Tech worth $247,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.

reAlpha Tech Company Profile

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.