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

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

REA Group Trading Up 9.1 %

REA Group stock opened at $45.13 on Thursday. The business’s 50-day simple moving average is $39.53 and its two-hundred day simple moving average is $38.47. REA Group has a fifty-two week low of $26.91 and a fifty-two week high of $45.13.

REA Group Increases Dividend

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

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.