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

Reliance Global Group, Inc. (NASDAQ:RELI) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 21,600 shares, a decline of 25.8% from the August 31st total of 29,100 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 3,370,000 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 3,370,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.8% of the shares of the company are sold short.

Reliance Global Group Stock Performance

Shares of NASDAQ RELI opened at $0.98 on Wednesday. Reliance Global Group has a 52 week low of $0.67 and a 52 week high of $5.11. The business has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.22.

Reliance Global Group Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, October 30th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, October 30th.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RELI shares. Wall Street Zen upgraded Reliance Global Group to a “sell” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Reliance Global Group in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Reliance Global Group

Reliance Global Group, Inc focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.