Short Interest in Reliance Global Group, Inc. (NASDAQ:RELI) Rises By 129.6%

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 96,900 shares, a growth of 129.6% from the March 31st total of 42,200 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is presently 0.1 days.

Reliance Global Group Trading Down 5.0 %

RELI traded down $0.01 on Friday, hitting $0.27. 142,060 shares of the stock traded hands, compared to its average volume of 830,080. Reliance Global Group has a 52 week low of $0.25 and a 52 week high of $5.20. The business has a fifty day moving average price of $0.39 and a two-hundred day moving average price of $0.72.

Hedge Funds Weigh In On Reliance Global Group

A hedge fund recently bought a new stake in Reliance Global Group stock. Armistice Capital LLC purchased a new stake in shares of Reliance Global Group, Inc. (NASDAQ:RELI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 157,736 shares of the company’s stock, valued at approximately $85,000.

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.