The Real Brokerage Inc. (NASDAQ:REAX) Sees Significant Increase in Short Interest

The Real Brokerage Inc. (NASDAQ:REAX) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 2,980,000 shares, a growth of 26.8% from the December 15th total of 2,350,000 shares. Based on an average daily trading volume, of 783,100 shares, the days-to-cover ratio is currently 3.8 days. Approximately 3.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Real Brokerage

Several institutional investors have recently bought and sold shares of the business. Wolverine Trading LLC acquired a new stake in shares of Real Brokerage in the third quarter valued at approximately $56,000. Paragon Advisors LLC bought a new stake in shares of Real Brokerage during the fourth quarter worth $90,000. Intech Investment Management LLC acquired a new position in shares of Real Brokerage during the third quarter valued at $98,000. Virtus Investment Advisers Inc. bought a new position in Real Brokerage in the third quarter valued at about $117,000. Finally, Franklin Resources Inc. acquired a new stake in Real Brokerage in the third quarter worth about $138,000. Institutional investors own 53.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on shares of Real Brokerage in a research report on Wednesday, December 18th. They issued a “buy” rating and a $6.00 price target for the company.

Real Brokerage Stock Up 2.7 %

NASDAQ:REAX traded up $0.12 during trading hours on Friday, reaching $4.54. The company had a trading volume of 863,298 shares, compared to its average volume of 768,448. Real Brokerage has a one year low of $2.14 and a one year high of $6.75. The stock has a 50-day moving average of $4.90 and a two-hundred day moving average of $5.36. The firm has a market capitalization of $897.80 million, a PE ratio of -25.22 and a beta of 1.00.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $372.49 million during the quarter, compared to the consensus estimate of $334.61 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. During the same period last year, the firm posted ($0.02) EPS. As a group, sell-side analysts expect that Real Brokerage will post -0.1 earnings per share for the current year.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.