Short Interest in Real Messenger Corporation (NASDAQ:RMSG) Increases By 107.3%

Real Messenger Corporation (NASDAQ:RMSG) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 56,727 shares, an increase of 107.3% from the July 30th total of 27,361 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 216,440 shares, the days-to-cover ratio is presently 0.3 days.

Real Messenger Stock Down 0.7%

RMSG traded down $0.00 during trading on Friday, hitting $0.36. The company had a trading volume of 142,182 shares, compared to its average volume of 1,380,530. The company has a market capitalization of $3.82 million, a PE ratio of -35.90 and a beta of 0.65. Real Messenger has a one year low of $0.29 and a one year high of $3.90. The firm’s 50-day moving average price is $0.41 and its 200 day moving average price is $0.78.

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

Real Messenger declared that its board has authorized a stock repurchase program on Tuesday, August 25th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Real Messenger to a “hold” rating in a research report 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 purchased a new position in shares of Real Messenger Corporation (NASDAQ:RMSG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 SEC filing. 37.44% of the stock is owned by hedge funds and other institutional investors.

Real Messenger Company Profile

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.