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

REA Group Limited (OTCMKTS:RPGRY) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,000 shares, a growth of 1,900.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 1.3 days.

REA Group Stock Performance

Shares of RPGRY opened at $45.13 on Thursday. The stock’s 50-day moving average price is $39.53 and its 200-day moving average price is $38.47. REA Group has a 52 week low of $26.91 and a 52 week high of $45.13.

REA Group Increases Dividend

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

REA Group Company Profile

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.