Real Messenger Corporation (NASDAQ:RMSG) Short Interest Up 265.5% in August

Real Messenger Corporation (NASDAQ:RMSG) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 207,353 shares, a growth of 265.5% from the August 15th total of 56,727 shares. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,325,587 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Real Messenger

An institutional investor recently bought a new stake in Real Messenger stock. Citadel Advisors LLC acquired a new stake in Real Messenger Corporation (NASDAQ:RMSG) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned about 0.21% of Real Messenger as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 37.44% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Real Messenger to a “hold” rating in a research report on Saturday, May 16th.

Real Messenger Stock Performance

NASDAQ:RMSG traded up $0.01 during trading hours on Friday, reaching $0.33. The company’s stock had a trading volume of 69,535 shares, compared to its average volume of 802,719. The firm has a market capitalization of $3.46 million, a price-to-earnings ratio of -32.52 and a beta of 0.65. The firm has a 50-day simple moving average of $0.37 and a 200-day simple moving average of $0.75. Real Messenger has a 1 year low of $0.29 and a 1 year high of $3.90.

Real Messenger (NASDAQ:RMSG) last posted its quarterly 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 for the quarter.

Real Messenger announced that its board has authorized a share repurchase plan on Tuesday, August 25th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is 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.