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) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 21,004 shares, a drop of 47.6% from the June 15th total of 40,119 shares. Currently, 70.0% of the shares of the stock are short sold. Based on an average daily volume of 75,678 shares, the short-interest ratio is currently 0.3 days.

Republic Power Group Limited Class A Ordinary Shares Price Performance

RPGL traded down $0.18 during trading on Wednesday, reaching $1.75. The company’s stock had a trading volume of 40,394 shares, compared to its average volume of 417,667. The stock has a fifty day simple 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 announced its quarterly earnings data on Friday, July 10th. The company reported ($18.46) earnings per share (EPS) for the quarter. The company had revenue of $0.84 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Republic Power Group Limited Class A Ordinary Shares from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus 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.