Short Interest in REA Group Limited (OTCMKTS:RPGRY) Declines By 89.0%

REA Group Limited (OTCMKTS:RPGRY) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 9,268 shares, a decline of 89.0% from the May 14th total of 84,186 shares. Based on an average trading volume of 258,684 shares, the days-to-cover ratio is presently 0.0 days.

REA Group Stock Performance

Shares of RPGRY traded down $0.30 during midday trading on Thursday, hitting $25.79. The company had a trading volume of 38,268 shares, compared to its average volume of 61,664. The company’s 50-day simple moving average is $29.02 and its 200-day simple moving average is $30.25. REA Group has a 1 year low of $25.06 and a 1 year high of $55.54.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised REA Group to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

REA Group Company Profile

REA Group is a leading digital advertising company focused on the real estate sector, operating a portfolio of online platforms that connect property buyers, sellers and renters with agent and developer listings. Its flagship site, realestate.com.au, is one of Australia’s largest property portals, offering residential, commercial and rental listings alongside associated market data, news and analysis tools.

Since its inception in 1995, REA Group has expanded globally through the acquisition of or investment in digital property sites and related businesses across Asia, Europe and North America.