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

REA Group Limited (OTCMKTS:RPGRY) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 158 shares, a drop of 95.1% from the January 29th total of 3,202 shares. Based on an average daily volume of 16,784 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 16,784 shares, the days-to-cover ratio is presently 0.0 days.

REA Group Price Performance

Shares of OTCMKTS:RPGRY traded down $0.44 during trading on Wednesday, hitting $28.07. 19,978 shares of the stock were exchanged, compared to its average volume of 13,951. The company’s fifty day simple moving average is $31.52 and its 200-day simple moving average is $35.17. REA Group has a 1-year low of $26.86 and a 1-year 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.