Reitar Logtech Holdings Limited (NASDAQ:RITR) Sees Significant Drop in Short Interest

by · The Markets Daily

Reitar Logtech Holdings Limited (NASDAQ:RITR – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 184,806 shares, a decrease of 22.1% from the November 30th total of 237,149 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 77,698 shares, the days-to-cover ratio is currently 2.4 days. Based on an average trading volume of 77,698 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.3% of the shares of the company are short sold.

Reitar Logtech Price Performance

NASDAQ:RITR traded up $0.09 during trading hours on Tuesday, hitting $1.38. 236,364 shares of the stock traded hands, compared to its average volume of 572,136. Reitar Logtech has a 1 year low of $0.83 and a 1 year high of $8.37. The stock has a 50 day moving average price of $1.39 and a 200 day moving average price of $3.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Reitar Logtech in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Check Out Our Latest Analysis on Reitar Logtech

Institutional Investors Weigh In On Reitar Logtech

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in Reitar Logtech during the third quarter valued at about $518,000. Geode Capital Management LLC bought a new stake in Reitar Logtech during the 2nd quarter valued at approximately $131,000. Citadel Advisors LLC bought a new stake in Reitar Logtech during the 3rd quarter valued at approximately $140,000. JPMorgan Chase & Co. purchased a new position in Reitar Logtech in the 3rd quarter worth approximately $108,000. Finally, SBI Securities Co. Ltd. bought a new position in Reitar Logtech in the 2nd quarter worth approximately $51,000.

Reitar Logtech Company Profile

(Get Free Report)

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.

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