Real Messenger Corporation (NASDAQ:RMSG – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 227,640 shares, a growth of 695.0% from the September 15th total of 28,633 shares. Based on an average trading volume of 1,958,088 shares, the days-to-cover ratio is currently 0.1 days. Currently, 4.0% of the company’s stock are sold short.
Institutional Trading of Real Messenger
A hedge fund recently bought a new position in Real Messenger stock. Citadel Advisors LLC purchased a new position in Real Messenger Corporation (NASDAQ:RMSG – Free Report) during the 2nd quarter, according to the company in 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. 37.44% of the stock is currently owned by hedge funds and other institutional investors.
Real Messenger Stock Down 1.7%
RMSG opened at $0.30 on Friday. The firm’s 50 day moving average is $0.33 and its 200-day moving average is $0.71. Real Messenger has a 52-week low of $0.25 and a 52-week high of $3.90. The firm has a market capitalization of $3.19 million, a P/E ratio of -29.97 and a beta of 0.67.
Real Messenger declared that its board has authorized a share repurchase plan on Tuesday, August 25th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s leadership 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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