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

REA Group Limited (OTCMKTS:RPGRY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 42,375 shares, a growth of 4,608.3% from the June 15th total of 900 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 342,570 shares, the short-interest ratio is presently 0.1 days.

REA Group Price Performance

RPGRY stock traded up $0.18 during midday trading on Friday, hitting $25.99. The stock had a trading volume of 73,854 shares, compared to its average volume of 75,448. The business has a 50-day moving average of $26.99 and a two-hundred day moving average of $29.16. The firm has a market cap of $13.60 billion and a price-to-earnings ratio of 96.89. REA Group has a 52-week low of $22.41 and a 52-week high of $55.54.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of REA Group to a “hold” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

REA Group Company Profile

REA Group is a leading digital advertising company focused on the real estate sector, operating a portfolio of online platforms that connect property buyers, sellers and renters with agent and developer listings. Its flagship site, realestate.com.au, is one of Australia’s largest property portals, offering residential, commercial and rental listings alongside associated market data, news and analysis tools.

Since its inception in 1995, REA Group has expanded globally through the acquisition of or investment in digital property sites and related businesses across Asia, Europe and North America.