Real Messenger Corporation (NASDAQ:RMSG – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 592,059 shares, a growth of 160.1% from the September 30th total of 227,640 shares. Approximately 10.4% of the shares of the company are short sold. Based on an average daily volume of 2,261,609 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On Real Messenger
An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC purchased a new stake in Real Messenger Corporation (NASDAQ:RMSG – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned approximately 1.40% of Real Messenger as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 37.44% of the company’s stock.
Real Messenger Stock Down 16.1%
RMSG opened at $0.18 on Friday. The firm has a 50-day moving average price of $0.29 and a 200-day moving average price of $0.69. Real Messenger has a twelve month low of $0.17 and a twelve month high of $3.90. The company has a market capitalization of $1.87 million, a price-to-earnings ratio of -17.58 and a beta of 0.67.
Real Messenger (NASDAQ:RMSG – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.00 million for the quarter.
Real Messenger announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 25th that allows the company to buy back outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Share buyback plans are usually an indication that the company’s board believes its shares are undervalued.
About Real Messenger
Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.
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