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

REA Group Limited (OTCMKTS:RPGRY) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 42,375 shares, an increase of 4,608.3% from the June 15th total of 900 shares. Based on an average trading volume of 342,570 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded REA Group to a “hold” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

REA Group Stock Up 0.7%

Shares of OTCMKTS RPGRY traded up $0.18 during midday trading on Friday, hitting $25.99. The stock had a trading volume of 73,854 shares, compared to its average volume of 75,448. The business’s 50 day moving average is $26.99 and its 200-day moving average is $29.16. The company has a market cap of $13.60 billion and a P/E ratio of 96.89. REA Group has a 52 week low of $22.41 and a 52 week high of $55.54.

About REA Group

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.