Real Messenger Corporation (NASDAQ:RMSG) Shares Shorted: Short Interest Up 160.1% in October

Real Messenger Corporation (NASDAQ:RMSG) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 592,059 shares, a growth of 160.1% from the September 30th total of 227,640 shares. Based on an average daily volume of 2,261,609 shares, the short-interest ratio is currently 0.3 days. Currently, 10.4% of the shares of the stock are short sold.

Real Messenger Trading Down 4.5%

Shares of NASDAQ:RMSG traded down $0.01 during trading on Thursday, reaching $0.21. The stock had a trading volume of 134,869 shares, compared to its average volume of 6,157,004. The firm’s 50-day simple moving average is $0.30 and its 200 day simple moving average is $0.71. Real Messenger has a one year low of $0.21 and a one year high of $3.90. The company has a market capitalization of $2.25 million, a P/E ratio of -21.10 and a beta of 0.67.

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 declared that its board has authorized a stock repurchase plan on Tuesday, August 25th that permits the company to buy back outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 148,808 shares of the company’s stock, valued at approximately $73,000. Citadel Advisors LLC owned about 1.40% of Real Messenger as of its most recent filing with the Securities and Exchange Commission (SEC). 37.44% of the stock is owned by institutional investors and hedge funds.

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.