Reliance Global Group, Inc. (NASDAQ:RELI) Short Interest Update

Reliance Global Group, Inc. (NASDAQ:RELI) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 21,600 shares, a decrease of 25.8% from the August 31st total of 29,100 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 3,370,000 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 3,370,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.8% of the shares of the stock are sold short.

Reliance Global Group Price Performance

RELI stock opened at $1.07 on Tuesday. The firm has a 50 day simple moving average of $0.94 and a two-hundred day simple moving average of $1.22. Reliance Global Group has a one year low of $0.67 and a one year high of $5.11.

Reliance Global Group Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, December 2nd. Investors of record on Thursday, October 30th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, October 30th.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RELI shares. Weiss Ratings restated a “sell (e+)” rating on shares of Reliance Global Group in a research report on Saturday, September 27th. Wall Street Zen raised Reliance Global Group to a “sell” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Reliance Global Group currently has a consensus rating of “Sell”.

About Reliance Global Group

Reliance Global Group, Inc focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.