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

Reliance Global Group, Inc. (NASDAQ:RELI) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 34,800 shares, a decline of 50.4% from the February 28th total of 70,200 shares. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is presently 0.0 days. Approximately 1.5% of the company’s stock are short sold.

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 stake in shares of Reliance Global Group, Inc. (NASDAQ:RELI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Trading Down 3.6 %

NASDAQ:RELI traded down $0.05 during trading hours on Friday, reaching $1.22. The company’s stock had a trading volume of 55,198 shares, compared to its average volume of 694,049. Reliance Global Group has a one year low of $1.18 and a one year high of $18.53. The business’s 50-day moving average is $1.63 and its 200-day moving average is $1.94.

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.