Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) Sees Large Increase in Short Interest

Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 73,640 shares, a growth of 292.2% from the October 15th total of 18,774 shares. Currently, 7.3% of the company’s shares are short sold. Based on an average trading volume of 248,024 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Republic Power Group Limited Class A Ordinary Shares to a “hold” rating in a research report on Saturday, October 17th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Republic Power Group Limited Class A Ordinary Shares currently has a consensus rating of “Sell”.

Republic Power Group Limited Class A Ordinary Shares Price Performance

RPGL traded down $0.46 during trading hours on Friday, hitting $9.12. 5,010 shares of the company’s stock were exchanged, compared to its average volume of 40,440. Republic Power Group Limited Class A Ordinary Shares has a 12-month low of $6.00 and a 12-month high of $23,680.00. The firm has a 50 day moving average of $18.65 and a 200 day moving average of $655.71.

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.