Reliance Global Group, Inc. (NASDAQ:RELI – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 28,500 shares, a decrease of 23.0% from the August 15th total of 37,000 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 629,800 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Reliance Global Group stock. Armistice Capital LLC purchased a new position in shares of Reliance Global Group, Inc. (NASDAQ:RELI – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 157,736 shares of the company’s stock, valued at approximately $85,000.
Reliance Global Group Stock Performance
Shares of Reliance Global Group stock traded down $0.04 during trading on Tuesday, reaching $2.69. The company’s stock had a trading volume of 8,397 shares, compared to its average volume of 266,209. The company has a 50-day moving average price of $3.19 and a two-hundred day moving average price of $4.64. Reliance Global Group has a fifty-two week low of $2.40 and a fifty-two week high of $44.20.
About Reliance Global Group
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.
See Also
- Five stocks we like better than Reliance Global Group
- The Basics of Support and Resistance
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
- Health Care Stocks Explained: Why You Might Want to Invest
- What Buybacks and Lower Rates Could Mean for Restaurant Brands
- What does consumer price index measure?
- Lock In Gains: Apple Stock Could Rally 30% Before the Holidays
Receive News & Ratings for Reliance Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reliance Global Group and related companies with MarketBeat.com's FREE daily email newsletter.
