The Real Brokerage Inc. (NASDAQ:REAX) Short Interest Update

The Real Brokerage Inc. (NASDAQ:REAX - Get Free Report) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,650,000 shares, a drop of 17.2% from the March 31st total of 3,200,000 shares. Approximately 2.6% of the company's shares are short sold. Based on an average trading volume of 886,100 shares, the short-interest ratio is presently 3.0 days.

Hedge Funds Weigh In On Real Brokerage

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Real Brokerage by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,264,640 shares of the company's stock valued at $5,817,000 after acquiring an additional 40,457 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Real Brokerage by 31.6% in the fourth quarter. JPMorgan Chase & Co. now owns 831,829 shares of the company's stock valued at $3,826,000 after purchasing an additional 199,913 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Real Brokerage during the 4th quarter valued at approximately $3,574,000. Renaissance Technologies LLC increased its holdings in Real Brokerage by 53.5% during the 4th quarter. Renaissance Technologies LLC now owns 759,100 shares of the company's stock worth $3,492,000 after purchasing an additional 264,600 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Real Brokerage by 3.3% in the 4th quarter. Federated Hermes Inc. now owns 679,373 shares of the company's stock valued at $3,125,000 after purchasing an additional 21,585 shares in the last quarter. Institutional investors and hedge funds own 53.28% of the company's stock.

Real Brokerage Stock Performance

Shares of NASDAQ:REAX remained flat at $4.38 during mid-day trading on Friday. The company had a trading volume of 348,149 shares, compared to its average volume of 889,770. The stock's 50-day moving average price is $4.49 and its 200 day moving average price is $4.86. The firm has a market capitalization of $866.16 million, a price-to-earnings ratio of -24.33 and a beta of 1.13. Real Brokerage has a 1-year low of $3.55 and a 1-year high of $6.75.

Real Brokerage (NASDAQ:REAX - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $350.63 million for the quarter, compared to analyst estimates of $300.11 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. On average, equities analysts expect that Real Brokerage will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.