Reliance Global Group, Inc. (NASDAQ:RELI) Short Interest Update

Reliance Global Group, Inc. (NASDAQ:RELI) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 34,800 shares, a decrease of 50.4% from the February 28th total of 70,200 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is currently 0.0 days.

Reliance Global Group Stock Performance

Shares of Reliance Global Group stock traded down $0.05 during midday trading on Friday, hitting $1.22. The company’s stock had a trading volume of 55,198 shares, compared to its average volume of 694,049. Reliance Global Group has a 1-year low of $1.18 and a 1-year high of $18.53. The stock has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $1.94.

Institutional Investors Weigh In On Reliance Global Group

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC purchased a new position in Reliance Global Group, Inc. (NASDAQ:RELI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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.