Reitar Logtech Holdings Limited (NASDAQ:RITR – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 40,303 shares, a decline of 95.2% from the June 15th total of 844,142 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 545,460 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Reitar Logtech in the third quarter valued at about $108,000. Geode Capital Management LLC acquired a new position in Reitar Logtech during the 2nd quarter worth approximately $131,000. Citadel Advisors LLC purchased a new position in shares of Reitar Logtech during the 3rd quarter worth approximately $140,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Reitar Logtech during the 3rd quarter worth approximately $518,000.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Reitar Logtech in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
Reitar Logtech Stock Down 4.8%
Reitar Logtech stock traded down $0.01 during trading hours on Friday, reaching $0.27. 362,321 shares of the stock were exchanged, compared to its average volume of 1,149,188. Reitar Logtech has a 52-week low of $0.25 and a 52-week high of $7.68. The firm’s 50 day moving average is $0.49 and its 200 day moving average is $0.69.
About Reitar Logtech
Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems. It also offers asset management services for construction projects, including refrigerated storages and warehouses; and professional consultancy services for construction projects, such as renovation works, interior designs and modification works of commercial units, and residential or commercial redevelopment works.
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