Real Messenger Corporation (NASDAQ:RMSG) Shares Shorted: Short Interest Down 86.2% in September

Real Messenger Corporation (NASDAQ:RMSG) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 28,633 shares, a drop of 86.2% from the August 31st total of 207,353 shares. Based on an average daily trading volume, of 147,894 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Trading of Real Messenger

A hedge fund recently bought a new stake in Real Messenger stock. Citadel Advisors LLC bought a new position in Real Messenger Corporation (NASDAQ:RMSG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 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 filing with the SEC. Hedge funds and other institutional investors own 37.44% of the company’s stock.

Real Messenger Price Performance

Shares of NASDAQ:RMSG traded down $0.01 during mid-day trading on Friday, reaching $0.29. 160,228 shares of the company traded hands, compared to its average volume of 6,797,089. The company’s 50 day moving average price is $0.35 and its 200-day moving average price is $0.73. The firm has a market cap of $3.06 million, a PE ratio of -28.80 and a beta of 0.65. Real Messenger has a 52 week low of $0.25 and a 52 week high of $3.90.

Real Messenger (NASDAQ:RMSG) last released its earnings results on Tuesday, July 28th. The company reported ($0.10) EPS for the quarter. The business had revenue of $0.00 million for the quarter.

Real Messenger announced that its Board of Directors has initiated a share buyback program on Tuesday, August 25th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors 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.