Real Messenger Corporation (NASDAQ:RMSG) Short Interest Up 107.3% in August

Real Messenger Corporation (NASDAQ:RMSGGet 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

A hedge fund recently bought a new position in Real Messenger stock. Citadel Advisors LLC bought a new stake in Real Messenger Corporation (NASDAQ:RMSGFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned about 0.21% of Real Messenger at the end of the most recent quarter. 37.44% of the stock is currently owned by institutional investors.

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:RMSGGet 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

(Get Free Report)

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.

Further Reading

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