Short Interest in REA Group Limited (OTCMKTS:RPGRY) Declines By 67.1%

REA Group Limited (OTCMKTS:RPGRY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 10,472 shares, a decrease of 67.1% from the August 15th total of 31,826 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 44,677 shares, the days-to-cover ratio is presently 0.2 days.

REA Group Price Performance

Shares of RPGRY traded up $0.20 during trading hours on Friday, hitting $27.71. The company had a trading volume of 41,707 shares, compared to its average volume of 27,980. The firm has a fifty day moving average price of $29.14 and a 200-day moving average price of $28.48. REA Group has a 52-week low of $22.41 and a 52-week high of $41.04.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of 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, Based on data from MarketBeat, REA Group has a consensus rating of “Hold”.

REA Group Company Profile

REA Group Limited is an Australian digital property advertising and data services company. Its flagship platform, realestate.com.au, connects buyers, sellers, renters and property professionals with residential property listings, market information and related services. The company also operates realcommercial.com.au, which focuses on commercial property listings, and provides digital marketing, lead-generation and data products for real estate agents, developers and other industry participants.

REA Group has expanded beyond property listings into complementary services, including home-loan and mortgage broking offerings in Australia.