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 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 volume of 169,087 shares, the short-interest ratio is presently 0.5 days.

REA Group Stock Performance

Shares of REA Group stock traded down $0.43 during midday trading on Wednesday, reaching $26.54. The company had a trading volume of 177,307 shares, compared to its average volume of 56,042. The stock has a fifty day simple moving average of $29.12 and a 200 day simple moving average of $30.66. REA Group has a 1-year low of $25.68 and a 1-year high of $55.54.

About REA Group

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.