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

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 180,723 shares, a decrease of 39.2% from the July 15th total of 297,227 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 11,583,423 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Reitar Logtech in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in Reitar Logtech during the third quarter worth about $108,000. Geode Capital Management LLC bought a new position in Reitar Logtech in the 2nd quarter worth approximately $131,000. Citadel Advisors LLC bought a new position in Reitar Logtech in the 3rd quarter worth approximately $140,000. 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

RITR stock opened at $0.08 on Wednesday. The stock’s fifty day simple moving average is $0.31 and its two-hundred day simple moving average is $0.50. Reitar Logtech has a 1-year low of $0.05 and a 1-year high of $7.68.

Reitar Logtech Company Profile

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.