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

Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 21,004 shares, a decline of 47.6% from the June 15th total of 40,119 shares. Currently, 70.0% of the shares of the company are sold short. Based on an average daily volume of 75,678 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Republic Power Group Limited Class A Ordinary Shares from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Republic Power Group Limited Class A Ordinary Shares Stock Down 2.1%

Shares of NASDAQ RPGL traded down $0.04 during midday trading on Friday, hitting $1.64. The company’s stock had a trading volume of 19,501 shares, compared to its average volume of 412,200. The company’s fifty day simple moving average is $6.15. Republic Power Group Limited Class A Ordinary Shares has a one year low of $1.65 and a one year high of $4,152.00.

Republic Power Group Limited Class A Ordinary Shares (NASDAQ:RPGL) last announced its quarterly earnings results on Friday, July 10th. The company reported ($18.46) EPS for the quarter. The company had revenue of $0.84 million for the quarter.

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.