Real Messenger Corporation (NASDAQ:RMSG) Stock Short Interest Drops 86.2%

by · The Markets Daily

Real Messenger Corporation (NASDAQ:RMSG – Get Free Report) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 28,633 shares, a decline of 86.2% from the August 31st total of 207,353 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 147,894 shares, the short-interest ratio is currently 0.2 days.

Real Messenger Stock Down 2.6%

Shares of RMSG stock opened at $0.29 on Friday. Real Messenger has a 12 month low of $0.25 and a 12 month high of $3.90. The firm has a market cap of $3.10 million, a PE ratio of -29.16 and a beta of 0.65. The stock has a 50 day moving average of $0.35 and a 200-day moving average of $0.73.

Real Messenger (NASDAQ:RMSG – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $0.00 million for the quarter.

Real Messenger announced that its Board of Directors 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 purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Real Messenger

A hedge fund recently bought a new stake in Real Messenger stock. Citadel Advisors LLC purchased a new stake in shares of Real Messenger Corporation (NASDAQ:RMSG – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned 1.40% of Real Messenger as of its most recent SEC filing. Hedge funds and other institutional investors own 37.44% of the company’s stock.

About Real Messenger

(Get Free Report)

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.

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