Real Messenger Corporation (NASDAQ:RMSG) Sees Large Decline in Short Interest

Real Messenger Corporation (NASDAQ:RMSG) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 27,361 shares, a drop of 61.6% from the July 15th total of 71,202 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,155,576 shares, the short-interest ratio is presently 0.0 days.

Real Messenger Stock Down 4.8%

RMSG traded down $0.02 on Friday, reaching $0.38. The company’s stock had a trading volume of 114,267 shares, compared to its average volume of 798,481. The company has a market capitalization of $4.06 million, a price-to-earnings ratio of -38.14 and a beta of 0.65. Real Messenger has a fifty-two week low of $0.29 and a fifty-two week high of $5.46. The stock has a 50 day moving average of $0.46 and a two-hundred day moving average of $0.81.

Real Messenger (NASDAQ:RMSG) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $0.01 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Real Messenger to a “hold” rating in a research note on Saturday, May 16th.

Hedge Funds Weigh In On Real Messenger

An institutional investor recently bought a new position in Real Messenger stock. Citadel Advisors LLC bought a new position in shares of Real Messenger Corporation (NASDAQ:RMSG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned approximately 0.21% of Real Messenger as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 37.44% of the company’s stock.

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.