Real Messenger Corporation (NASDAQ:RMSG) Short Interest Update

Real Messenger Corporation (NASDAQ:RMSG) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 207,353 shares, an increase of 265.5% from the August 15th total of 56,727 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average trading volume of 1,325,587 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Institutional Trading of Real Messenger

An institutional investor recently bought a new position in Real Messenger stock. Citadel Advisors LLC acquired a new position in shares of Real Messenger Corporation (NASDAQ:RMSG) in the third quarter, according to its most recent disclosure with the Securities and 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 and Exchange Commission. Hedge funds and other institutional investors own 37.44% of the company’s stock.

Real Messenger Trading Up 1.9%

Shares of RMSG traded up $0.01 during trading hours on Friday, reaching $0.33. 69,535 shares of the company’s stock traded hands, compared to its average volume of 802,719. Real Messenger has a 12 month low of $0.29 and a 12 month high of $3.90. The stock has a market cap of $3.46 million, a PE ratio of -32.52 and a beta of 0.65. The firm’s 50 day simple moving average is $0.37 and its 200-day simple moving average is $0.75.

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

Real Messenger declared that its board has approved a share buyback program 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 programs are generally an indication that the company’s board of directors believes its shares are 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.