Short Interest in REA Group Limited (OTCMKTS:RPGRY) Decreases By 51.6%

REA Group Limited (OTCMKTS:RPGRY) saw 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. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 239,072 shares, the days-to-cover ratio is currently 0.1 days.

REA Group Price Performance

Shares of RPGRY opened at $27.32 on Tuesday. The firm has a market capitalization of $14.30 billion and a price-to-earnings ratio of 96.89. REA Group has a 1-year low of $22.41 and a 1-year high of $55.54. The company has a 50-day moving average of $26.19 and a 200 day moving average of $28.89.

Analysts Set New Price Targets

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