Short Interest in REA Group Limited (OTCMKTS:RPGRY) Decreases By 51.6%

REA Group Limited (OTCMKTS:RPGRY) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 20,513 shares, a decline of 51.6% from the June 30th total of 42,375 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 239,072 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded REA Group to a “hold” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, REA Group presently has a consensus rating of “Hold”.

REA Group Trading Up 2.2%

RPGRY stock opened at $27.32 on Tuesday. The stock has a market cap of $14.30 billion and a PE ratio of 96.89. REA Group has a 12 month low of $22.41 and a 12 month high of $55.54. The company has a 50-day moving average price of $26.19 and a 200 day moving average price of $28.89.

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.