reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Down 13.5% in March

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

Hedge Funds Weigh In On reAlpha Tech

An institutional investor recently bought a new position in reAlpha Tech stock. Two Sigma Investments LP purchased a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned about 0.06% of reAlpha Tech as of its most recent SEC filing. Hedge funds and other institutional investors own 1.02% of the company’s stock.

reAlpha Tech Price Performance

AIRE opened at $1.10 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. reAlpha Tech has a fifty-two week low of $0.53 and a fifty-two week high of $4.49. The business has a 50-day moving average of $1.53 and a 200-day moving average of $1.42.

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.