The Real Brokerage Inc. (NASDAQ:REAX) Short Interest Update

The Real Brokerage Inc. (NASDAQ:REAX) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 3,510,000 shares, a growth of 305.0% from the June 30th total of 866,700 shares. Based on an average daily volume of 999,900 shares, the short-interest ratio is currently 3.5 days. Currently, 4.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Jonestrading reissued a “buy” rating and set a $4.00 price target on shares of Real Brokerage in a research report on Monday, April 8th.

Real Brokerage Stock Performance

REAX stock traded down $0.10 during mid-day trading on Thursday, hitting $5.63. The company had a trading volume of 949,404 shares, compared to its average volume of 758,067. The firm has a market cap of $1.03 billion, a PE ratio of -28.15 and a beta of 1.02. Real Brokerage has a 12 month low of $1.28 and a 12 month high of $6.06. The stock’s fifty day moving average price is $4.68 and its two-hundred day moving average price is $3.76.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Real Brokerage had a negative return on equity of 98.38% and a negative net margin of 4.63%. The business had revenue of $200.74 million during the quarter, compared to analyst estimates of $170.78 million. Equities analysts anticipate that Real Brokerage will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Real Brokerage

Several institutional investors and hedge funds have recently bought and sold shares of REAX. AWM Investment Company Inc. grew its holdings in Real Brokerage by 240.6% during the first quarter. AWM Investment Company Inc. now owns 1,703,228 shares of the company’s stock valued at $5,314,000 after purchasing an additional 1,203,228 shares during the period. NewEdge Wealth LLC bought a new position in shares of Real Brokerage in the fourth quarter worth $448,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Real Brokerage by 311.5% in the second quarter. Harbor Capital Advisors Inc. now owns 288,039 shares of the company’s stock worth $1,169,000 after acquiring an additional 218,034 shares during the period. Quadrature Capital Ltd bought a new position in shares of Real Brokerage in the first quarter worth $263,000. Finally, TCI Wealth Advisors Inc. bought a new position in shares of Real Brokerage in the first quarter worth $49,000. 53.28% of the stock is owned by institutional investors.

About Real Brokerage

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.