Reliance Global Group, Inc. (NASDAQ:RELI) Sees Significant Growth in Short Interest

Reliance Global Group, Inc. (NASDAQ:RELI) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 67,700 shares, an increase of 55.6% from the November 30th total of 43,500 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.2% of the shares of the stock are sold short.

Reliance Global Group Stock Down 10.5 %

Shares of NASDAQ RELI traded down $0.28 during midday trading on Friday, hitting $2.38. The company had a trading volume of 525,085 shares, compared to its average volume of 667,482. Reliance Global Group has a twelve month low of $1.17 and a twelve month high of $18.53. The business has a 50-day simple moving average of $1.84 and a two-hundred day simple moving average of $2.84.

Reliance Global Group Company Profile

Reliance Global Group, Inc focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.