Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) Short Interest Up 230.1% in May

Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,154,011 shares, an increase of 230.1% from the April 30th total of 349,568 shares. Based on an average trading volume of 7,746,890 shares, the days-to-cover ratio is currently 0.1 days. Currently, 96.2% of the shares of the stock are sold short.

Republic Power Group Limited Class A Ordinary Shares Stock Performance

Shares of NASDAQ:RPGL traded up $0.21 during midday trading on Friday, reaching $9.91. 54,066 shares of the company were exchanged, compared to its average volume of 167,656. The company’s fifty day moving average is $25.09. Republic Power Group Limited Class A Ordinary Shares has a one year low of $8.23 and a one year high of $4,152.00.

Insider Buying and Selling at Republic Power Group Limited Class A Ordinary Shares

In related news, major shareholder Cetera Wealth Services, Llc sold 16,219 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $22.00, for a total transaction of $356,818.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 29,332 shares of company stock worth $1,134,453 in the last three months.

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.