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

Reliance Global Group, Inc. (NASDAQ:RELI) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 366,923 shares, a decrease of 66.9% from the November 30th total of 1,107,667 shares. Based on an average daily volume of 325,244 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 325,244 shares, the short-interest ratio is currently 1.1 days.

Reliance Global Group Trading Down 9.8%

NASDAQ RELI traded down $0.06 during trading hours on Friday, reaching $0.56. 251,668 shares of the stock traded hands, compared to its average volume of 1,796,572. The stock has a 50 day simple moving average of $0.75 and a two-hundred day simple moving average of $1.07. Reliance Global Group has a 1 year low of $0.56 and a 1 year high of $3.55.

Reliance Global Group (NASDAQ:RELI) last released its earnings results on Thursday, November 6th. The company reported ($0.20) EPS for the quarter. The company had revenue of $5.25 million for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Reliance Global Group from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Reliance Global Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Reliance Global Group currently has a consensus rating of “Sell”.

Reliance Global Group Company Profile

Reliance Global Group, Inc is an externally managed business development company that provides debt and equity financing to middle-market companies and real estate ventures. The firm offers customized capital solutions including senior secured loans, subordinated debt, mezzanine financing and equity co-investments. By focusing on businesses and projects that may be underserved by traditional lenders, Reliance Global Group seeks to support client growth and generate attractive risk-adjusted returns for its investors.

The company’s investment strategy spans a diverse array of industries, with a particular focus on commercial real estate, healthcare, technology, consumer products and specialty finance.