Reliance Global Group, Inc. (NASDAQ:RELI – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 421,900 shares, a decline of 26.8% from the March 31st total of 576,400 shares. Currently, 5.8% of the shares of the stock are short sold. Based on an average daily volume of 771,200 shares, the days-to-cover ratio is currently 0.5 days.
Hedge funds have recently bought and sold shares of the business. Clear Street LLC bought a new position in shares of Reliance Global Group during the fourth quarter valued at approximately $500,000. State Street Corp acquired a new stake in shares of Reliance Global Group in the fourth quarter worth $193,000. Squarepoint Ops LLC acquired a new stake in shares of Reliance Global Group during the 4th quarter valued at $138,000. Geode Capital Management LLC boosted its holdings in Reliance Global Group by 28.2% in the fourth quarter. Geode Capital Management LLC now owns 65,181 shares of the company’s stock worth $419,000 after purchasing an additional 14,320 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Reliance Global Group during the fourth quarter valued at about $72,000.
Shares of NASDAQ RELI traded down $0.21 during trading on Monday, reaching $2.58. The company had a trading volume of 2,996 shares, compared to its average volume of 2,786,016. Reliance Global Group has a twelve month low of $1.83 and a twelve month high of $10.49. The business’s 50-day simple moving average is $4.67.
Reliance Global Group, Inc engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.
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