REA Group Limited (OTCMKTS:RPGRY – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,472 shares, a decrease of 67.1% from the August 15th total of 31,826 shares. Based on an average daily trading volume, of 44,677 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.
REA Group Trading Up 0.7%
Shares of RPGRY traded up $0.20 during trading hours on Friday, hitting $27.71. The company had a trading volume of 41,707 shares, compared to its average volume of 27,980. REA Group has a one year low of $22.41 and a one year high of $41.04. The company’s fifty day moving average price is $29.14 and its two-hundred day moving average price is $28.48.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of REA Group to a “hold” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, REA Group has a consensus rating of “Hold”.
REA Group Company Profile
REA Group Limited is an Australian digital property advertising and data services company. Its flagship platform, realestate.com.au, connects buyers, sellers, renters and property professionals with residential property listings, market information and related services. The company also operates realcommercial.com.au, which focuses on commercial property listings, and provides digital marketing, lead-generation and data products for real estate agents, developers and other industry participants.
REA Group has expanded beyond property listings into complementary services, including home-loan and mortgage broking offerings in Australia.
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