The Real Brokerage Inc. (NASDAQ:REAX) Sees Large Growth in Short Interest

The Real Brokerage Inc. (NASDAQ:REAX) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 548,000 shares, a growth of 102.2% from the March 31st total of 271,000 shares. Based on an average daily volume of 573,800 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages have recently issued reports on REAX. Jonestrading reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Real Brokerage in a research note on Monday, April 8th. Roth Mkm lifted their target price on shares of Real Brokerage from $2.75 to $3.50 and gave the stock a “buy” rating in a research report on Thursday, January 18th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Real Brokerage stock. Searcy Financial Services Inc. ADV acquired a new stake in shares of The Real Brokerage Inc. (NASDAQ:REAX) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,714 shares of the company’s stock, valued at approximately $37,000. Real Brokerage makes up about 0.0% of Searcy Financial Services Inc. ADV’s investment portfolio, making the stock its 26th largest position. 53.28% of the stock is owned by hedge funds and other institutional investors.

Real Brokerage Stock Up 3.5 %

Shares of Real Brokerage stock traded up $0.13 during trading on Friday, hitting $3.83. The stock had a trading volume of 422,195 shares, compared to its average volume of 842,343. The stock has a 50 day simple moving average of $3.30 and a 200 day simple moving average of $2.36. The company has a market capitalization of $689.09 million, a PE ratio of -25.53 and a beta of 1.15. Real Brokerage has a 1 year low of $1.09 and a 1 year high of $4.58.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $181.34 million during the quarter, compared to analysts’ expectations of $161.37 million. Real Brokerage had a negative return on equity of 105.23% and a negative net margin of 3.99%. As a group, equities analysts expect that Real Brokerage will post -0.12 earnings per share for the current fiscal 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.