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

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 58,700 shares, an increase of 68.7% from the March 15th total of 34,800 shares. Based on an average daily trading volume, of 88,700 shares, the short-interest ratio is currently 0.7 days. Approximately 2.5% of the shares of the stock are short sold.

Reliance Global Group Stock Performance

RELI stock opened at $1.02 on Friday. The firm has a 50 day moving average of $1.32 and a 200-day moving average of $1.78. Reliance Global Group has a 12 month low of $0.97 and a 12 month high of $18.53.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC acquired a new stake in shares of Reliance Global Group, Inc. (NASDAQ:RELI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Company Profile

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.