Short Interest in Reliance Global Group, Inc. (NASDAQ:RELI) Decreases By 48.2%

Reliance Global Group, Inc. (NASDAQ:RELI) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 44,100 shares, a decrease of 48.2% from the January 15th total of 85,200 shares. Based on an average daily trading volume, of 1,850,000 shares, the short-interest ratio is currently 0.0 days. Currently, 2.3% of the shares of the stock are sold short.

Reliance Global Group Stock Up 2.3 %

Shares of Reliance Global Group stock traded up $0.04 on Thursday, reaching $1.79. 101,008 shares of the company were exchanged, compared to its average volume of 182,366. Reliance Global Group has a fifty-two week low of $1.18 and a fifty-two week high of $18.53. The stock has a fifty day moving average price of $2.05 and a 200-day moving average price of $2.26.

Institutional Trading of Reliance Global Group

A hedge fund recently bought a new stake in Reliance Global Group stock. Geode Capital Management LLC bought a new stake in shares of Reliance Global Group, Inc. (NASDAQ:RELI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,050 shares of the company’s stock, valued at approximately $26,000.

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.