Reliance Global Group, Inc. (NASDAQ:RELI) Sees Significant Drop in Short Interest

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 70,200 shares, a decrease of 21.6% from the February 13th total of 89,500 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.0% of the company’s stock are sold short.

Reliance Global Group Trading Down 0.7 %

NASDAQ:RELI traded down $0.01 during trading hours on Wednesday, reaching $1.34. 36,272 shares of the stock were exchanged, compared to its average volume of 690,416. Reliance Global Group has a 52 week low of $1.18 and a 52 week high of $18.53. The firm has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $2.01.

Hedge Funds Weigh In On Reliance Global Group

A hedge fund recently bought a new stake in Reliance Global Group stock. Geode Capital Management LLC acquired a new position in shares of Reliance Global Group, Inc. (NASDAQ:RELI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,050 shares of the company’s stock, valued at approximately $26,000.

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.