Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) Sees Significant Increase in Short Interest

Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 18,774 shares, an increase of 4,090.6% from the September 30th total of 448 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 106,620 shares, the days-to-cover ratio is currently 0.2 days.

Republic Power Group Limited Class A Ordinary Shares Trading Down 0.7%

Shares of Republic Power Group Limited Class A Ordinary Shares stock traded down $0.06 during trading on Tuesday, reaching $8.26. 10,222 shares of the stock traded hands, compared to its average volume of 39,956. The business has a fifty day simple moving average of $24.71 and a two-hundred day simple moving average of $705.65. Republic Power Group Limited Class A Ordinary Shares has a 52-week low of $6.00 and a 52-week high of $34,432.00.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RPGL. Wall Street Zen raised shares of Republic Power Group Limited Class A Ordinary Shares to a “hold” rating in a report on Saturday, October 17th. 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 report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Republic Power Group Limited Class A Ordinary Shares currently has an average rating of “Sell”.

Republic Power Group Limited Class A Ordinary Shares Company Profile

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.