Short Interest in Reliance Global Group, Inc. (NASDAQ:RELI) Rises By 100.0%

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 46,200 shares, a growth of 100.0% from the February 29th total of 23,100 shares. Based on an average daily volume of 188,900 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the company’s shares are short sold.

Reliance Global Group Stock Performance

NASDAQ RELI traded up $0.01 during trading on Thursday, hitting $0.34. The stock had a trading volume of 56,584 shares, compared to its average volume of 156,583. Reliance Global Group has a twelve month low of $0.32 and a twelve month high of $5.20. The firm has a 50 day moving average price of $0.44 and a 200 day moving average price of $1.04.

Institutional Trading of Reliance Global Group

A number of institutional investors have recently bought and sold shares of the business. Citigroup Inc. acquired a new position in Reliance Global Group during the first quarter worth $29,000. Vanguard Group Inc. acquired a new stake in Reliance Global Group during the third quarter worth approximately $45,000. Price T Rowe Associates Inc. MD grew its holdings in Reliance Global Group by 179.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 61,100 shares of the company’s stock valued at $48,000 after purchasing an additional 39,200 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Reliance Global Group in the 1st quarter worth about $75,000. Finally, Armistice Capital LLC acquired a new position in shares of Reliance Global Group during the 4th quarter valued at $85,000.

Reliance Global Group Company Profile

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