Short Interest in Reliance Global Group, Inc. (NASDAQ:RELI) Expands By 102.9%

Reliance Global Group, Inc. (NASDAQ:RELI) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 89,500 shares, a growth of 102.9% from the January 31st total of 44,100 shares. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is currently 0.0 days. Currently, 4.9% of the shares of the stock are short sold.

Reliance Global Group Price Performance

NASDAQ RELI remained flat at $1.46 during trading on Friday. The company’s stock had a trading volume of 15,261 shares, compared to its average volume of 148,022. Reliance Global Group has a fifty-two week low of $1.18 and a fifty-two week high of $18.53. The company has a 50-day moving average of $2.09 and a 200-day moving average of $2.13.

Institutional Inflows and Outflows

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

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.