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 recipient of a significant 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. Based on an average daily trading volume, of 7,746,890 shares, the short-interest ratio is currently 0.1 days. Currently, 96.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, major shareholder Cetera Wealth Services, Llc sold 16,219 shares of Republic Power Group Limited Class A Ordinary Shares stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $22.00, for a total transaction of $356,818.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 29,332 shares of company stock valued at $1,134,453 in the last quarter.

Republic Power Group Limited Class A Ordinary Shares Price Performance

RPGL stock traded up $0.30 during trading on Friday, hitting $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 one year low of $8.23 and a one year high of $4,152.00. The stock has a 50-day moving average price of $25.38.

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.