Real Messenger Corporation (NASDAQ:RMSG – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 56,727 shares, a growth of 107.3% from the July 30th total of 27,361 shares. Based on an average daily trading volume, of 216,440 shares, the short-interest ratio is presently 0.3 days. Currently, 1.0% of the shares of the company are sold short.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Real Messenger to a “hold” rating in a research note on Saturday, May 16th.
View Our Latest Analysis on Real Messenger
Institutional Trading of Real Messenger
Real Messenger Trading Down 0.7%
Shares of NASDAQ RMSG opened at $0.36 on Friday. The company’s 50-day moving average price is $0.41 and its 200 day moving average price is $0.78. Real Messenger has a 52 week low of $0.29 and a 52 week high of $3.90. The stock has a market cap of $3.82 million, a price-to-earnings ratio of -35.90 and a beta of 0.65.
Real Messenger (NASDAQ:RMSG – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.00 million for the quarter.
Real Messenger declared that its board has authorized a stock repurchase program on Tuesday, August 25th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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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