Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) Sees Large Increase in Short Interest

Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 1,154,011 shares, a growth of 230.1% from the April 30th total of 349,568 shares. Currently, 96.2% of the shares of the stock are short sold. Based on an average trading volume of 7,746,890 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Republic Power Group Limited Class A Ordinary Shares in a research report on Friday, January 30th. They set a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Republic Power Group Limited Class A Ordinary Shares Price Performance

Republic Power Group Limited Class A Ordinary Shares stock traded up $0.30 during mid-day trading on Friday, reaching $10.00. The company had a trading volume of 46,198 shares, compared to its average volume of 107,146. Republic Power Group Limited Class A Ordinary Shares has a fifty-two week low of $8.23 and a fifty-two week high of $4,152.00. The company has a fifty day moving average of $25.38.

Insider Activity

In related news, major shareholder Cetera Wealth Services, Llc sold 16,219 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $22.00, for a total transaction of $356,818.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have sold 29,332 shares of company stock worth $1,134,453.

About Republic Power Group Limited Class A Ordinary Shares

Republic Power Group Limited is a provider of customized enterprise resource planning software solutions, consulting and technical support services and peripheral hardware. Republic Power Group Limited is based in Singapore.