REA Group Limited (OTCMKTS:RPGRY) Short Interest Update

REA Group Limited (OTCMKTS:RPGRY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 900 shares, a decline of 90.3% from the May 31st total of 9,268 shares. Based on an average daily volume of 231,238 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded REA Group to a “hold” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

REA Group Stock Performance

Shares of RPGRY traded up $0.28 during mid-day trading on Friday, reaching $23.25. 16,175 shares of the company were exchanged, compared to its average volume of 70,095. The stock has a market capitalization of $12.29 billion and a PE ratio of 96.89. REA Group has a 52 week low of $22.41 and a 52 week high of $55.54. The business has a 50 day simple moving average of $28.30 and a two-hundred day simple moving average of $29.67.

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.