REA Group Limited (OTCMKTS:RPGRY) Sees Large Increase in Short Interest

REA Group Limited (OTCMKTS:RPGRY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 84,186 shares, an increase of 1,549.1% from the April 30th total of 5,105 shares. Based on an average daily trading volume, of 169,087 shares, the short-interest ratio is currently 0.5 days.

REA Group Stock Down 1.6%

RPGRY traded down $0.43 during midday trading on Wednesday, reaching $26.54. 177,307 shares of the company’s stock were exchanged, compared to its average volume of 56,042. REA Group has a one year low of $25.68 and a one year high of $55.54. The business has a 50-day simple moving average of $29.12 and a two-hundred day simple moving average of $30.66.

REA Group Company Profile

REA Group is a leading digital advertising company focused on the real estate sector, operating a portfolio of online platforms that connect property buyers, sellers and renters with agent and developer listings. Its flagship site, realestate.com.au, is one of Australia’s largest property portals, offering residential, commercial and rental listings alongside associated market data, news and analysis tools.

Since its inception in 1995, REA Group has expanded globally through the acquisition of or investment in digital property sites and related businesses across Asia, Europe and North America.