Short Interest in The RealReal, Inc. (NASDAQ:REAL) Declines By 17.2%

The RealReal, Inc. (NASDAQ:REAL) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 13,650,000 shares, a decrease of 17.2% from the November 30th total of 16,480,000 shares. Based on an average trading volume of 2,600,000 shares, the short-interest ratio is currently 5.3 days. Currently, 16.2% of the shares of the stock are sold short.

Insider Activity at RealReal

In related news, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total value of $589,662.60. Following the sale, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at approximately $2,388,302.50. This represents a 19.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RealReal

Institutional investors have recently bought and sold shares of the stock. Drive Wealth Management LLC acquired a new position in shares of RealReal in the 2nd quarter valued at $32,000. Evoke Wealth LLC acquired a new position in RealReal in the second quarter valued at $36,000. Principal Financial Group Inc. purchased a new stake in RealReal during the second quarter valued at about $39,000. Park Edge Advisors LLC acquired a new stake in RealReal during the third quarter worth about $41,000. Finally, XTX Topco Ltd purchased a new position in shares of RealReal in the 3rd quarter worth about $63,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on REAL. Northland Capmk raised RealReal to a “strong-buy” rating in a report on Monday, September 16th. UBS Group upped their target price on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Northland Securities raised their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Trading Down 1.5 %

REAL traded down $0.17 during midday trading on Tuesday, hitting $11.01. The company’s stock had a trading volume of 1,816,575 shares, compared to its average volume of 2,727,452. RealReal has a 52-week low of $1.52 and a 52-week high of $11.38. The firm has a 50-day moving average price of $5.93 and a two-hundred day moving average price of $4.07. The firm has a market cap of $1.21 billion, a P/E ratio of -12.51 and a beta of 3.09.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.