(NASDAQ:RVEN) shares saw light trading volume with 1,237 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 81.12% under the normal average daily volume.
Investors are a little more bullish on shares of the company recently as implied by the change in short interest. The company recorded a fall in short interest of -37.14% as of October 13, 2017 from the last reporting period. Short shares fell from 25,166 to 15,820 over that timeframe. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.00% as of October 13.
The company is now unchanged from yesterday’s close of $0.00. The stock is trading at $4.43 just below $4.85, the 50 day moving average and which is quite a bit lower than the 200 day moving average of $5.21. The 50 day moving average went down by -8.67% and the 200 day average went down $-0.78 or -15.05%.
Reven Housing REIT, Inc., a real estate investment company, acquires, owns, and operates a portfolio of occupied and rented single family homes in the United States. As of December 31, 2015, it owned 527 single family homes in the Houston, Jacksonville, Memphis, and Atlanta metropolitan areas. The company was incorporated in 1995 and is headquartered in La Jolla, California..Advertisement