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

REA Group Limited (OTCMKTS:RPGRY) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 400 shares, an increase of 100.0% from the February 13th total of 200 shares. Based on an average daily trading volume, of 2,700 shares, the short-interest ratio is currently 0.1 days.

REA Group Price Performance

OTCMKTS:RPGRY opened at $37.50 on Friday. The firm has a 50-day moving average of $40.81 and a 200-day moving average of $39.53. REA Group has a one year low of $26.91 and a one year high of $47.26.

REA Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.1724 per share. This is an increase from REA Group’s previous dividend of $0.13. The ex-dividend date is Wednesday, March 5th.

About REA Group

REA Group Limited engages in online property advertising business in Australia, India, and internationally. It provides property and property-related services on websites and mobile applications. The company operates residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, smartline.com.au, makaan.com, housing.com, PropTiger.com, realtor.com, Flatmates.com.au, property.com.au, simpology.com.au, campaignagent.com.au, proptrack.com.au, myfun.com, housing.com, propertygurugroup.com, realtor.com, spacely.com.au, rumah123.com, iproperty.com.sg, 99.co, and 1form.com.au.