The Real Brokerage Inc. (NASDAQ:REAX) Short Interest Down 95.1% in August

The Real Brokerage Inc. (NASDAQ:REAX) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,828,854 shares, a decline of 95.1% from the August 15th total of 37,516,208 shares. Based on an average daily trading volume, of 1,236,492 shares, the short-interest ratio is presently 1.5 days. Approximately 13.6% of the company’s shares are sold short.

Real Brokerage Stock Up 8.5%

Shares of REAX stock traded up $1.58 during mid-day trading on Friday, reaching $20.11. 550,231 shares of the company’s stock traded hands, compared to its average volume of 384,044. Real Brokerage has a 12 month low of $15.50 and a 12 month high of $52.50. The company has a market cap of $438.28 million, a P/E ratio of -28.67 and a beta of 0.79. The company’s 50-day moving average price is $20.93 and its 200-day moving average price is $21.43.

Real Brokerage (NASDAQ:REAX) last issued its quarterly earnings results on Tuesday, June 30th. The company reported ($0.30) earnings per share (EPS) for the quarter. Real Brokerage had a negative return on equity of 25.32% and a negative net margin of 0.72%.The business had revenue of $700.58 million during the quarter. Equities analysts predict that Real Brokerage will post -0.45 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on REAX. Wall Street Zen upgraded shares of Real Brokerage to a “hold” rating in a report on Saturday, September 5th. BTIG Research reaffirmed a “buy” rating and issued a $35.00 target price (up from $4.25) on shares of Real Brokerage in a research report on Thursday, August 27th. JonesTrading reaffirmed a “buy” rating and set a $40.00 target price on shares of Real Brokerage in a research note on Friday. Edward Jones reduced their price target on shares of Real Brokerage from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Zelman & Associates raised shares of Real Brokerage to an “outperform” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Real Brokerage has an average rating of “Moderate Buy” and an average price target of $50.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Client Services LLC lifted its stake in Real Brokerage by 61.0% during the 2nd quarter. Private Client Services LLC now owns 36,754 shares of the company’s stock valued at $67,000 after acquiring an additional 13,926 shares during the period. Royal Bank of Canada raised its holdings in shares of Real Brokerage by 126.1% during the first quarter. Royal Bank of Canada now owns 20,754 shares of the company’s stock valued at $52,000 after purchasing an additional 11,573 shares during the last quarter. State of Wyoming lifted its position in Real Brokerage by 5.8% during the first quarter. State of Wyoming now owns 125,939 shares of the company’s stock valued at $315,000 after purchasing an additional 6,950 shares during the period. Principal Financial Group Inc. purchased a new stake in Real Brokerage in the first quarter worth approximately $29,000. Finally, Hsbc Holdings PLC boosted its holdings in Real Brokerage by 110.9% in the first quarter. Hsbc Holdings PLC now owns 124,204 shares of the company’s stock worth $308,000 after purchasing an additional 65,311 shares during the last quarter. Hedge funds and other institutional investors own 53.28% of the company’s stock.

About Real Brokerage

Real Brokerage Inc is a publicly traded, cloud-based residential real estate brokerage headquartered in Toronto, Canada, with operations across the United States and Canada. The company’s platform offers licensed real estate professionals a fully integrated suite of digital tools designed to streamline every phase of the property transaction process, from lead generation to closing.

Through its proprietary technology, Real Brokerage provides agents with transaction management, customer relationship management, digital marketing automation and real-time analytics in a single, user-friendly interface.