Reliance Global Group, Inc. (NASDAQ:RELI) Short Interest Update

Reliance Global Group, Inc. (NASDAQ:RELI) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 34,800 shares, a drop of 50.4% from the February 28th total of 70,200 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 0.0 days.

Reliance Global Group Price Performance

NASDAQ:RELI traded down $0.04 during mid-day trading on Friday, reaching $1.22. 42,082 shares of the stock were exchanged, compared to its average volume of 691,261. The business has a fifty day moving average price of $1.65 and a 200 day moving average price of $1.95. Reliance Global Group has a 1-year low of $1.18 and a 1-year high of $18.53.

Hedge Funds Weigh In On Reliance Global Group

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC purchased a new position in Reliance Global Group, Inc. (NASDAQ:RELI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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.