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

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 366,923 shares, a decrease of 66.9% from the November 30th total of 1,107,667 shares. Based on an average daily volume of 325,244 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 325,244 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen raised Reliance Global Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Reliance Global Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Reliance Global Group currently has a consensus rating of “Sell”.

Reliance Global Group Stock Performance

Shares of RELI traded down $0.06 during mid-day trading on Friday, hitting $0.56. The stock had a trading volume of 251,668 shares, compared to its average volume of 1,796,572. Reliance Global Group has a 52 week low of $0.56 and a 52 week high of $3.55. The business has a fifty day moving average price of $0.75 and a 200-day moving average price of $1.07.

Reliance Global Group (NASDAQ:RELI) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $5.25 million during the quarter.

About Reliance Global Group

Reliance Global Group, Inc is an externally managed business development company that provides debt and equity financing to middle-market companies and real estate ventures. The firm offers customized capital solutions including senior secured loans, subordinated debt, mezzanine financing and equity co-investments. By focusing on businesses and projects that may be underserved by traditional lenders, Reliance Global Group seeks to support client growth and generate attractive risk-adjusted returns for its investors.

The company’s investment strategy spans a diverse array of industries, with a particular focus on commercial real estate, healthcare, technology, consumer products and specialty finance.