Reliance Global Group, Inc. (NASDAQ:RELI) Short Interest Update

Reliance Global Group, Inc. (NASDAQ:RELI) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 58,700 shares, a growth of 68.7% from the March 15th total of 34,800 shares. Based on an average daily trading volume, of 88,700 shares, the short-interest ratio is presently 0.7 days. Approximately 2.5% of the company’s shares 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 stake in Reliance Global Group, Inc. (NASDAQ:RELI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,050 shares of the company’s stock, valued at approximately $26,000.

Reliance Global Group Price Performance

Shares of RELI stock opened at $1.03 on Thursday. The stock has a 50 day moving average price of $1.35 and a 200 day moving average price of $1.80. Reliance Global Group has a 52-week low of $0.97 and a 52-week 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.