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

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 2,380,000 shares, a decline of 27.9% from the May 15th total of 3,300,000 shares. Based on an average daily volume of 919,700 shares, the short-interest ratio is presently 2.6 days. Approximately 2.2% of the shares of the stock are short sold.

Institutional Trading of Real Brokerage

Large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in Real Brokerage by 55.6% in the 4th quarter. ProShare Advisors LLC now owns 28,300 shares of the company's stock worth $130,000 after acquiring an additional 10,108 shares during the last quarter. Bank of Montreal Can increased its stake in Real Brokerage by 37.5% in the 4th quarter. Bank of Montreal Can now owns 26,100 shares of the company's stock worth $120,000 after acquiring an additional 7,119 shares during the last quarter. Cerity Partners LLC bought a new stake in Real Brokerage in the 4th quarter worth approximately $665,000. Charles Schwab Investment Management Inc. increased its stake in Real Brokerage by 48.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,295 shares of the company's stock worth $2,016,000 after acquiring an additional 144,011 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Real Brokerage during the 4th quarter valued at approximately $633,000. Institutional investors own 53.28% of the company's stock.

Real Brokerage Stock Down 0.3%

NASDAQ REAX traded down $0.01 during trading hours on Friday, reaching $3.95. The company's stock had a trading volume of 1,497,935 shares, compared to its average volume of 935,186. Real Brokerage has a 1 year low of $3.55 and a 1 year high of $6.75. The firm's 50-day moving average price is $4.31 and its 200-day moving average price is $4.58. The company has a market capitalization of $781.11 million, a price-to-earnings ratio of -56.43 and a beta of 1.04.

Real Brokerage (NASDAQ:REAX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. Real Brokerage had a negative return on equity of 49.13% and a negative net margin of 1.09%. The business had revenue of $353.98 million for the quarter, compared to the consensus estimate of $332.92 million. Equities research analysts anticipate that Real Brokerage will post -0.1 EPS for the current fiscal year.

Real Brokerage announced that its board has initiated a share buyback program on Friday, May 30th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 17.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Jones Trading reissued a "buy" rating and issued a $6.00 price target on shares of Real Brokerage in a report on Thursday, March 6th.

Real Brokerage Company Profile

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.