REA Group Limited (OTCMKTS:RPGRY) Sees Significant Growth in Short Interest

REA Group Limited (OTCMKTS:RPGRY) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 33,955 shares, a growth of 224.2% from the August 31st total of 10,472 shares. Based on an average daily volume of 76,056 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of REA Group to a “hold” rating in a research report on Tuesday, June 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, REA Group presently has a consensus rating of “Hold”.

REA Group Stock Down 2.3%

RPGRY stock traded down $0.61 during midday trading on Friday, hitting $25.94. The stock had a trading volume of 43,915 shares, compared to its average volume of 43,998. The company’s 50-day moving average price is $29.38 and its 200 day moving average price is $28.36. REA Group has a 12-month low of $22.41 and a 12-month high of $40.03.

About REA Group

REA Group Limited is an Australian digital property advertising and data services company. Its flagship platform, realestate.com.au, connects buyers, sellers, renters and property professionals with residential property listings, market information and related services. The company also operates realcommercial.com.au, which focuses on commercial property listings, and provides digital marketing, lead-generation and data products for real estate agents, developers and other industry participants.

REA Group has expanded beyond property listings into complementary services, including home-loan and mortgage broking offerings in Australia.