Reitar Logtech Holdings Limited (NASDAQ:RITR – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,132,544 shares, an increase of 526.7% from the July 30th total of 180,723 shares. Based on an average daily volume of 239,166,083 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.8% of the shares of the stock are sold short.
Reitar Logtech Stock Performance
Reitar Logtech stock opened at $0.09 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96. Reitar Logtech has a fifty-two week low of $0.05 and a fifty-two week high of $7.68. The stock’s fifty day moving average is $0.25 and its two-hundred day moving average is $0.47.
Reitar Logtech (NASDAQ:RITR – Get Free Report) last released its quarterly earnings results on Monday, August 17th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $10.60 million during the quarter.
Analyst Ratings Changes
Read Our Latest Analysis on Reitar Logtech
Hedge Funds Weigh In On Reitar Logtech
Several hedge funds have recently added to or reduced their stakes in RITR. BNP Paribas Financial Markets acquired a new position in Reitar Logtech during the third quarter worth about $518,000. Geode Capital Management LLC acquired a new stake in shares of Reitar Logtech in the second quarter valued at approximately $131,000. Citadel Advisors LLC acquired a new stake in shares of Reitar Logtech in the third quarter valued at approximately $140,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Reitar Logtech during the 3rd quarter worth approximately $108,000.
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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