The Real Brokerage Inc. (NASDAQ:REAX) Sees Large Growth in Short Interest

The Real Brokerage Inc. (NASDAQ:REAX) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 548,000 shares, an increase of 102.2% from the March 31st total of 271,000 shares. Based on an average daily volume of 573,800 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.7% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jonestrading reiterated a “buy” rating and set a $4.00 price target on shares of Real Brokerage in a research report on Monday, April 8th. Roth Mkm upped their price target on shares of Real Brokerage from $2.75 to $3.50 and gave the stock a “buy” rating in a research report on Thursday, January 18th.

Real Brokerage Trading Up 3.5 %

Shares of NASDAQ:REAX traded up $0.13 during mid-day trading on Friday, reaching $3.83. The stock had a trading volume of 422,195 shares, compared to its average volume of 842,343. The firm has a market cap of $689.09 million, a PE ratio of -25.53 and a beta of 1.15. The firm has a 50 day simple moving average of $3.30 and a two-hundred day simple moving average of $2.36. Real Brokerage has a twelve month low of $1.09 and a twelve month high of $4.58.

Real Brokerage (NASDAQ:REAX) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $181.34 million during the quarter, compared to analyst estimates of $161.37 million. Real Brokerage had a negative net margin of 3.99% and a negative return on equity of 105.23%. On average, equities analysts anticipate that Real Brokerage will post -0.12 EPS for the current fiscal year.

Institutional Trading of Real Brokerage

A hedge fund recently bought a new stake in Real Brokerage stock. Searcy Financial Services Inc. ADV bought a new position in shares of The Real Brokerage Inc. (NASDAQ:REAX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,714 shares of the company’s stock, valued at approximately $37,000. Real Brokerage makes up 0.0% of Searcy Financial Services Inc. ADV’s investment portfolio, making the stock its 26th biggest holding. 53.28% of the stock is currently owned by hedge funds and other institutional investors.

About Real Brokerage

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.