REA Group Limited (OTCMKTS:RPGRY) Shares Shorted: Short Interest Up 224.2% in September

REA Group Limited (OTCMKTS:RPGRY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 33,955 shares, a growth of 224.2% from the August 31st total of 10,472 shares. Based on an average daily volume of 76,056 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of REA Group to a “hold” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

REA Group Stock Performance

Shares of OTCMKTS RPGRY traded down $0.61 during mid-day trading on Friday, reaching $25.94. 43,915 shares of the company’s stock were exchanged, compared to its average volume of 43,998. The company’s 50-day moving average is $29.38 and its 200-day moving average is $28.36. REA Group has a 52-week low of $22.41 and a 52-week high of $40.03.

About REA Group

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.