Reitar Logtech Holdings Limited (NASDAQ:RITR) Short Interest Up 526.7% in August

Reitar Logtech Holdings Limited (NASDAQ:RITR) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,132,544 shares, a growth of 526.7% from the July 30th total of 180,723 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 239,166,083 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut Reitar Logtech from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Reitar Logtech

A number of large investors have recently bought and sold shares of RITR. BNP Paribas Financial Markets acquired a new stake in Reitar Logtech in the third quarter valued at approximately $518,000. Geode Capital Management LLC purchased a new position in shares of Reitar Logtech during the 2nd quarter valued at approximately $131,000. Citadel Advisors LLC purchased a new position in shares of Reitar Logtech during the 3rd quarter valued at approximately $140,000. Finally, JPMorgan Chase & Co. acquired a new stake in Reitar Logtech in the 3rd quarter valued at $108,000.

Reitar Logtech Stock Performance

Shares of NASDAQ:RITR traded down $0.01 during midday trading on Friday, reaching $0.09. The company’s stock had a trading volume of 7,528,524 shares, compared to its average volume of 23,473,553. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $0.23 and a 200 day moving average of $0.46. Reitar Logtech has a twelve month low of $0.05 and a twelve month high of $7.68.

Reitar Logtech (NASDAQ:RITR) last posted its earnings results on Monday, August 17th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $10.60 million for the quarter.

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.