Reliance Global Group, Inc. (NASDAQ:RELI) Sees Large Drop in Short Interest

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 70,200 shares, a decrease of 21.6% from the February 13th total of 89,500 shares. Based on an average trading volume of 1,790,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 3.0% of the shares of the stock are sold short.

Reliance Global Group Stock Performance

Shares of NASDAQ:RELI traded up $0.03 during trading on Monday, reaching $1.31. 3,984 shares of the company traded hands, compared to its average volume of 121,348. The company’s 50 day moving average is $1.83 and its two-hundred day moving average is $2.04. Reliance Global Group has a 52 week low of $1.18 and a 52 week high of $18.53.

Institutional Trading of Reliance Global Group

An institutional investor recently bought a new position in Reliance Global Group stock. Geode Capital Management LLC purchased a new position in shares of Reliance Global Group, Inc. (NASDAQ:RELI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Company Profile

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