Real Messenger Corporation (NASDAQ:RMSG) Stock Short Interest Declines 86.2%

Real Messenger Corporation (NASDAQ:RMSG) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 28,633 shares, a decline of 86.2% from the August 31st total of 207,353 shares. Based on an average daily volume of 147,894 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Real Messenger

A hedge fund recently bought a new position in Real Messenger stock. Citadel Advisors LLC acquired a new stake in shares of Real Messenger Corporation (NASDAQ:RMSG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned 1.40% of Real Messenger at the end of the most recent reporting period. 37.44% of the stock is currently owned by hedge funds and other institutional investors.

Real Messenger Stock Performance

Shares of NASDAQ RMSG traded down $0.01 during trading on Friday, hitting $0.29. The company had a trading volume of 374,405 shares, compared to its average volume of 1,112,758. The stock has a 50 day simple moving average of $0.35 and a 200 day simple moving average of $0.73. Real Messenger has a 12 month low of $0.25 and a 12 month high of $3.90. The firm has a market capitalization of $3.10 million, a P/E ratio of -29.16 and a beta of 0.65.

Real Messenger (NASDAQ:RMSG) last announced its quarterly earnings data on Tuesday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.00 million during the quarter.

Real Messenger announced that its board has approved a share repurchase program on Tuesday, August 25th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Real Messenger Company Profile

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.