Short Interest in The Real Brokerage Inc. (NASDAQ:REAX) Declines By 17.2%

The Real Brokerage Inc. (NASDAQ:REAX) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 2,650,000 shares, a drop of 17.2% from the March 31st total of 3,200,000 shares. Based on an average daily trading volume, of 886,100 shares, the short-interest ratio is presently 3.0 days. Currently, 2.6% of the company’s stock are sold short.

Real Brokerage Stock Performance

Shares of REAX stock opened at $4.38 on Friday. Real Brokerage has a fifty-two week low of $3.55 and a fifty-two week high of $6.75. The firm has a market cap of $866.16 million, a P/E ratio of -24.33 and a beta of 1.13. The business’s 50 day moving average price is $4.49 and its 200-day moving average price is $4.86.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The business had revenue of $350.63 million for the quarter, compared to analysts’ expectations of $300.11 million. As a group, equities analysts predict that Real Brokerage will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Real Brokerage

A number of large investors have recently modified their holdings of REAX. Bank of New York Mellon Corp lifted its holdings in Real Brokerage by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 254,242 shares of the company’s stock worth $1,032,000 after buying an additional 3,436 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Real Brokerage by 8.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,927 shares of the company’s stock worth $262,000 after acquiring an additional 4,672 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Real Brokerage by 4.1% in the 4th quarter. Rhumbline Advisers now owns 124,324 shares of the company’s stock valued at $572,000 after purchasing an additional 4,906 shares during the period. Blair William & Co. IL boosted its position in shares of Real Brokerage by 20.0% during the fourth quarter. Blair William & Co. IL now owns 30,000 shares of the company’s stock valued at $138,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Real Brokerage in the fourth quarter worth $25,000. Institutional investors own 53.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jones Trading restated a “buy” rating and issued a $6.00 target price on shares of Real Brokerage in a report on Thursday, March 6th.

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.