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

Reliance Global Group, Inc. (NASDAQ:RELI) was the target of a significant growth in short interest in 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. Approximately 4.9% of the company’s shares are short sold. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Reliance Global Group

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC purchased a new position in Reliance Global Group, Inc. (NASDAQ:RELI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Stock Performance

Shares of NASDAQ RELI remained flat at $1.46 during midday trading on Friday. The stock had a trading volume of 15,261 shares, compared to its average volume of 148,022. Reliance Global Group has a 12-month low of $1.18 and a 12-month high of $18.53. The business’s 50-day moving average price is $2.09 and its 200 day moving average price is $2.13.

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.