REA Group Limited (OTCMKTS:RPGRY) Short Interest Down 25.0% in March

REA Group Limited (OTCMKTS:RPGRY) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, a decrease of 25.0% from the February 28th total of 400 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 0.3 days.

REA Group Stock Performance

Shares of RPGRY traded down $0.65 during midday trading on Tuesday, hitting $34.66. The company had a trading volume of 1,470 shares, compared to its average volume of 969. The company’s 50-day simple moving average is $40.35 and its 200-day simple moving average is $39.65. REA Group has a 1 year low of $26.91 and a 1 year high of $47.26.

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 issued 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.