Reliance Global Group, Inc. (NASDAQ:RELI) Short Interest Down 48.2% in January

Reliance Global Group, Inc. (NASDAQ:RELI) saw a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 44,100 shares, a decrease of 48.2% from the January 15th total of 85,200 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 0.0 days. Approximately 2.3% of the company’s stock are short sold.

Institutional Investors Weigh In On 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 its most recent disclosure with the SEC. The firm purchased 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Stock Performance

Shares of RELI stock traded up $0.04 during trading on Thursday, hitting $1.79. 101,008 shares of the company were exchanged, compared to its average volume of 182,366. The business’s 50-day simple moving average is $2.05 and its 200 day simple moving average is $2.26. Reliance Global Group has a twelve month low of $1.18 and a twelve month high of $18.53.

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.