Short Interest in REA Group Limited (OTCMKTS:RPGRY) Drops By 67.1%

REA Group Limited (OTCMKTS:RPGRY) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 10,472 shares, a decline of 67.1% from the August 15th total of 31,826 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 44,677 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded REA Group to a “hold” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, REA Group currently has an average rating of “Hold”.

REA Group Price Performance

Shares of REA Group stock traded up $0.20 during midday trading on Friday, reaching $27.71. The company had a trading volume of 41,707 shares, compared to its average volume of 27,980. The stock has a fifty day moving average price of $29.14 and a 200 day moving average price of $28.48. REA Group has a fifty-two week low of $22.41 and a fifty-two week high of $41.04.

About REA Group

REA Group Limited is an Australian digital property advertising and data services company. Its flagship platform, realestate.com.au, connects buyers, sellers, renters and property professionals with residential property listings, market information and related services. The company also operates realcommercial.com.au, which focuses on commercial property listings, and provides digital marketing, lead-generation and data products for real estate agents, developers and other industry participants.

REA Group has expanded beyond property listings into complementary services, including home-loan and mortgage broking offerings in Australia.