Short Interest in Reitar Logtech Holdings Limited (NASDAQ:RITR) Decreases By 39.2%

Reitar Logtech Holdings Limited (NASDAQ:RITRGet Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 180,723 shares, a drop of 39.2% from the July 15th total of 297,227 shares. Based on an average daily trading volume, of 11,583,423 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Reitar Logtech

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new stake in Reitar Logtech in the 3rd quarter valued at about $108,000. Citadel Advisors LLC acquired a new stake in shares of Reitar Logtech in the third quarter valued at approximately $140,000. Geode Capital Management LLC acquired a new stake in shares of Reitar Logtech in the second quarter valued at approximately $131,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Reitar Logtech during the third quarter valued at approximately $518,000.

Reitar Logtech Price Performance

RITR traded down $0.04 during trading on Tuesday, reaching $0.08. 8,032,162 shares of the company were exchanged, compared to its average volume of 17,272,729. Reitar Logtech has a 52 week low of $0.05 and a 52 week high of $7.68. The firm has a 50 day moving average of $0.32 and a 200 day moving average of $0.51.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Reitar Logtech in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Reitar Logtech presently has a consensus rating of “Sell”.

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About Reitar Logtech

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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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