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

Reliance Global Group, Inc. (NASDAQ:RELI) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 13,000 shares, a decrease of 51.3% from the October 31st total of 26,700 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 148,500 shares, the days-to-cover ratio is presently 0.1 days.

Reliance Global Group Stock Up 7.0 %

Shares of Reliance Global Group stock opened at $1.53 on Thursday. Reliance Global Group has a 1-year low of $1.20 and a 1-year high of $19.38. The business’s fifty day moving average price is $2.11 and its two-hundred day moving average price is $3.29.

About Reliance Global Group

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.