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

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 46,200 shares, a growth of 100.0% from the February 29th total of 23,100 shares. Based on an average daily trading volume, of 188,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Reliance Global Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RELI. Armistice Capital LLC purchased a new position in shares of Reliance Global Group during the fourth quarter valued at about $85,000. BlackRock Inc. boosted its holdings in shares of Reliance Global Group by 28,373.6% during the 1st quarter. BlackRock Inc. now owns 157,459 shares of the company’s stock valued at $679,000 after acquiring an additional 156,906 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Reliance Global Group by 179.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 61,100 shares of the company’s stock worth $48,000 after purchasing an additional 39,200 shares during the last quarter. Vanguard Group Inc. purchased a new stake in Reliance Global Group during the third quarter valued at $45,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Reliance Global Group during the 1st quarter worth $75,000.

Reliance Global Group Stock Performance

RELI stock traded up $0.01 during midday trading on Thursday, hitting $0.34. The company had a trading volume of 56,584 shares, compared to its average volume of 156,583. Reliance Global Group has a 52 week low of $0.32 and a 52 week high of $5.20. The stock’s 50 day moving average price is $0.44 and its 200 day moving average price is $1.04.

About Reliance Global Group

Reliance Global Group, Inc engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and insurance brokerage products. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.