Short Interest in REA Group Limited (OTCMKTS:RPGRY) Drops By 67.1%

REA Group Limited (OTCMKTS:RPGRY) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,472 shares, a decrease of 67.1% from the August 15th total of 31,826 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 44,677 shares, the days-to-cover ratio is presently 0.2 days.

REA Group Stock Performance

Shares of OTCMKTS RPGRY opened at $27.71 on Monday. The company has a 50 day simple moving average of $29.14 and a 200-day simple moving average of $28.48. REA Group has a 1 year low of $22.41 and a 1 year high of $41.04.

Analyst Ratings Changes

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

REA Group Company Profile

REA Group Limited is an Australian digital property advertising and data services company. Its flagship platform, realestate.com.au, connects buyers, sellers, renters and property professionals with residential property listings, market information and related services. The company also operates realcommercial.com.au, which focuses on commercial property listings, and provides digital marketing, lead-generation and data products for real estate agents, developers and other industry participants.

REA Group has expanded beyond property listings into complementary services, including home-loan and mortgage broking offerings in Australia.