Real Messenger Corporation (NASDAQ:RMSG) Stock Short Interest Report for October

Real Messenger Corporation (NASDAQ:RMSG) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 592,059 shares, a growth of 160.1% from the September 30th total of 227,640 shares. Currently, 10.4% of the shares of the stock are short sold. Based on an average trading volume of 2,261,609 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Real Messenger

An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC bought a new stake in Real Messenger Corporation (NASDAQ:RMSG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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. Hedge funds and other institutional investors own 37.44% of the company’s stock.

Real Messenger Trading Down 7.9%

Real Messenger stock traded down $0.02 during midday trading on Friday, reaching $0.19. The company’s stock had a trading volume of 240,124 shares, compared to its average volume of 6,128,826. The stock has a market cap of $2.05 million, a PE ratio of -19.30 and a beta of 0.67. Real Messenger has a 52 week low of $0.19 and a 52 week high of $3.90. The business has a 50-day moving average price of $0.30 and a 200-day moving average price of $0.70.

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

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

About Real Messenger

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.