Short Interest in Reliance Global Group, Inc. (NASDAQ:RELI) Expands By 102.9%

Reliance Global Group, Inc. (NASDAQ:RELI) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 89,500 shares, a growth of 102.9% from the January 31st total of 44,100 shares. Based on an average daily volume of 1,840,000 shares, the short-interest ratio is presently 0.0 days. Currently, 4.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC purchased a new stake in Reliance Global Group, Inc. (NASDAQ:RELI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Price Performance

Shares of Reliance Global Group stock remained flat at $1.46 during trading on Friday. 15,261 shares of the stock traded hands, compared to its average volume of 148,022. The stock has a fifty day moving average of $2.09 and a two-hundred day moving average of $2.13. Reliance Global Group has a one year low of $1.18 and a one year high of $18.53.

Reliance Global Group Company Profile

Reliance Global Group, Inc focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.