REA Group Limited (OTCMKTS:RPGRY) Sees Large Drop in Short Interest

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

REA Group Trading Up 0.9%

OTCMKTS:RPGRY traded up $0.26 during midday trading on Thursday, hitting $29.28. 50,462 shares of the company were exchanged, compared to its average volume of 75,738. REA Group has a fifty-two week low of $22.41 and a fifty-two week high of $55.54. The company has a market capitalization of $15.33 billion and a PE ratio of 96.89. The company has a fifty day simple moving average of $26.15 and a 200 day simple moving average of $28.83.

Analyst Upgrades and Downgrades

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

About REA Group

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.