REA Group Limited (OTCMKTS:RPGRY – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 20,513 shares, a decline of 51.6% from the June 30th total of 42,375 shares. Based on an average trading volume of 239,072 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.
REA Group Trading Up 5.2%
RPGRY opened at $28.75 on Wednesday. The company has a market cap of $15.05 billion and a price-to-earnings ratio of 96.89. The company’s 50 day moving average is $26.17 and its 200 day moving average is $28.86. REA Group has a 12-month low of $22.41 and a 12-month high of $55.54.
Analyst Ratings Changes
Separately, Zacks Research upgraded REA Group to a “hold” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average 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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