Short Interest in Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) Drops By 47.6%

Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 21,004 shares, a decline of 47.6% from the June 15th total of 40,119 shares. Approximately 70.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,678 shares, the days-to-cover ratio is presently 0.3 days.

Republic Power Group Limited Class A Ordinary Shares Stock Down 9.5%

Shares of RPGL stock traded down $0.18 on Wednesday, reaching $1.75. 40,394 shares of the company were exchanged, compared to its average volume of 417,667. The firm has a 50-day moving average of $9.00. Republic Power Group Limited Class A Ordinary Shares has a 1 year low of $1.76 and a 1 year high of $4,152.00.

Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) last issued its quarterly earnings results on Friday, July 10th. The company reported ($18.46) earnings per share for the quarter. The company had revenue of $0.84 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Republic Power Group Limited Class A Ordinary Shares from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

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.