REA Group Limited (OTCMKTS:RPGRY – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 900 shares, a drop of 90.3% from the May 31st total of 9,268 shares. Based on an average daily volume of 231,238 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.
REA Group Stock Up 1.3%
Shares of OTCMKTS:RPGRY traded up $0.29 during trading on Friday, hitting $23.26. The stock had a trading volume of 117,781 shares, compared to its average volume of 70,965. The company has a market capitalization of $12.29 billion and a PE ratio of 96.89. The firm’s fifty day moving average is $28.18 and its 200 day moving average is $29.62. REA Group has a 12 month low of $22.41 and a 12 month high of $55.54.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of REA Group to a “hold” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, REA Group presently has a consensus rating of “Hold”.
REA Group Company Profile
REA Group is a leading digital advertising company focused on the real estate sector, operating a portfolio of online platforms that connect property buyers, sellers and renters with agent and developer listings. Its flagship site, realestate.com.au, is one of Australia’s largest property portals, offering residential, commercial and rental listings alongside associated market data, news and analysis tools.
Since its inception in 1995, REA Group has expanded globally through the acquisition of or investment in digital property sites and related businesses across Asia, Europe and North America.
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