Reliance Global Group, Inc. (NASDAQ:RELI) Short Interest Up 68.7% in March

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 58,700 shares, an increase of 68.7% from the March 15th total of 34,800 shares. Based on an average daily volume of 88,700 shares, the short-interest ratio is presently 0.7 days. Approximately 2.5% of the shares of the stock are short sold.

Reliance Global Group Stock Performance

Shares of RELI opened at $1.03 on Thursday. The company’s fifty day moving average is $1.35 and its 200 day moving average is $1.80. Reliance Global Group has a fifty-two week low of $0.97 and a fifty-two week high of $18.53.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 13F filing with the Securities and Exchange Commission (SEC). The firm 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.