REA Group Limited (OTCMKTS:RPGRY) Sees Large Increase in Short Interest

REA Group Limited (OTCMKTS:RPGRY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 42,375 shares, an increase of 4,608.3% from the June 15th total of 900 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 342,570 shares, the days-to-cover ratio is presently 0.1 days.

REA Group Stock Up 0.7%

Shares of OTCMKTS RPGRY traded up $0.18 during trading on Friday, reaching $25.99. The company had a trading volume of 73,854 shares, compared to its average volume of 75,448. REA Group has a 12-month low of $22.41 and a 12-month high of $55.54. The business’s 50-day moving average is $26.99 and its 200 day moving average is $29.16. The stock has a market cap of $13.60 billion and a PE ratio of 96.89.

Wall Street Analyst Weigh In

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

REA Group Company Profile

REA Group is a leading digital advertising company focused on the real estate sector, operating a portfolio of online platforms that connect property buyers, sellers and renters with agent and developer listings. Its flagship site, realestate.com.au, is one of Australia’s largest property portals, offering residential, commercial and rental listings alongside associated market data, news and analysis tools.

Since its inception in 1995, REA Group has expanded globally through the acquisition of or investment in digital property sites and related businesses across Asia, Europe and North America.