Short Interest in REA Group Limited (OTCMKTS:RPGRY) Drops By 90.0%

REA Group Limited (OTCMKTS:RPGRY) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 200 shares, a drop of 90.0% from the January 31st total of 2,000 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 0.1 days.

REA Group Stock Performance

Shares of REA Group stock traded down $9.42 during trading on Friday, hitting $37.79. The stock had a trading volume of 354 shares, compared to its average volume of 1,074. The stock has a 50 day simple moving average of $39.80 and a 200 day simple moving average of $39.13. REA Group has a 1 year low of $26.91 and a 1 year high of $47.21.

REA Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 5th will be given a $0.1724 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from REA Group’s previous dividend of $0.13.

About REA Group

REA Group Limited engages in online property advertising business in Australia, India, and internationally. It provides property and property-related services on websites and mobile applications. The company operates residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, smartline.com.au, makaan.com, housing.com, PropTiger.com, realtor.com, Flatmates.com.au, property.com.au, simpology.com.au, campaignagent.com.au, proptrack.com.au, myfun.com, housing.com, propertygurugroup.com, realtor.com, spacely.com.au, rumah123.com, iproperty.com.sg, 99.co, and 1form.com.au.