REA Group Limited (OTCMKTS:RPGRY) Short Interest Update

REA Group Limited (OTCMKTS:RPGRY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 900 shares, a decline of 90.3% from the May 31st total of 9,268 shares. Based on an average trading volume of 231,238 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded REA Group to a “hold” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

REA Group Trading Up 1.3%

Shares of OTCMKTS RPGRY opened at $23.26 on Friday. The firm’s 50-day moving average price is $28.18 and its 200-day moving average price is $29.62. The stock has a market capitalization of $12.29 billion and a price-to-earnings ratio of 96.89. REA Group has a 12-month low of $22.41 and a 12-month high of $55.54.

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.