Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Update

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 630,996 shares, an increase of 90.4% from the February 26th total of 331,427 shares. Based on an average daily trading volume, of 2,356,684 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Trading of Reitar Logtech

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new position in shares of Reitar Logtech in the third quarter valued at approximately $108,000. Citadel Advisors LLC acquired a new stake in Reitar Logtech during the 3rd quarter worth approximately $140,000. Geode Capital Management LLC purchased a new position in Reitar Logtech in the 2nd quarter valued at approximately $131,000. Finally, BNP Paribas Financial Markets purchased a new position in Reitar Logtech in the 3rd quarter valued at approximately $518,000.

Reitar Logtech Price Performance

Shares of RITR stock traded up $0.02 on Friday, hitting $0.57. The stock had a trading volume of 46,392 shares, compared to its average volume of 1,251,492. The company’s 50 day moving average price is $0.77 and its 200-day moving average price is $1.72. Reitar Logtech has a 1 year low of $0.51 and a 1 year high of $8.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Reitar Logtech in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Reitar Logtech presently has an average rating of “Sell”.

About Reitar Logtech

Reitar Logtech Holdings Limited, through its subsidiaries, provides construction management and engineering design services. It operates in two segments, Asset Management and Professional Consultancy Services; and Construction Management and Engineering Design Services. The company provides construction management and engineering design services for cold storage facilities, automated warehouses, renovated offices, and tailor-made electrical systems. It also offers asset management services for construction projects, including refrigerated storages and warehouses; and professional consultancy services for construction projects, such as renovation works, interior designs and modification works of commercial units, and residential or commercial redevelopment works.