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

Reliance Global Group, Inc. (NASDAQ:RELI) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 70,200 shares, a drop of 21.6% from the February 13th total of 89,500 shares. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is presently 0.0 days. Currently, 3.0% of the company’s shares are sold short.

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 bought a new position in Reliance Global Group, Inc. (NASDAQ:RELI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Price Performance

Shares of Reliance Global Group stock remained flat at $1.34 during mid-day trading on Tuesday. 17,110 shares of the company’s stock traded hands, compared to its average volume of 690,292. Reliance Global Group has a one year low of $1.18 and a one year high of $18.53. The stock has a fifty day moving average of $1.80 and a 200-day moving average of $2.02.

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.