Short Interest in Reliance Global Group, Inc. (NASDAQ:RELI) Expands By 102.9%

Reliance Global Group, Inc. (NASDAQ:RELI) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 89,500 shares, an increase of 102.9% from the January 31st total of 44,100 shares. Based on an average trading volume of 1,840,000 shares, the short-interest ratio is currently 0.0 days. Currently, 4.9% of the shares of the stock are short sold.

Reliance Global Group Stock Performance

Shares of Reliance Global Group stock remained flat at $1.46 on Friday. 15,261 shares of the stock were exchanged, compared to its average volume of 148,022. The firm’s 50 day simple moving average is $2.09 and its 200 day simple moving average is $2.13. Reliance Global Group has a 12 month low of $1.18 and a 12 month high of $18.53.

Institutional Trading of Reliance Global Group

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC purchased a new position in shares of Reliance Global Group, Inc. (NASDAQ:RELI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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.