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

REA Group Limited (OTCMKTS:RPGRY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 4,579 shares, an increase of 704.7% from the November 30th total of 569 shares. Based on an average trading volume of 8,616 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 8,616 shares, the days-to-cover ratio is presently 0.5 days.

REA Group Price Performance

OTCMKTS RPGRY traded down $1.63 on Friday, reaching $29.75. The stock had a trading volume of 109 shares, compared to its average volume of 2,268. The business’s 50-day moving average price is $32.86 and its 200 day moving average price is $37.43. REA Group has a 12-month low of $28.00 and a 12-month high of $55.54.

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.