REA Group Limited (OTCMKTS:RPGRY) Stock Short Interest Jumps 224.2%

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 trading volume, of 76,056 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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, the stock currently has a consensus rating of “Hold”.

REA Group Stock Performance

REA Group stock traded down $0.61 during trading hours on Friday, hitting $25.94. 43,915 shares of the stock traded hands, compared to its average volume of 43,998. REA Group has a one year low of $22.41 and a one year high of $40.03. The firm’s 50-day moving average price is $29.38 and its two-hundred day moving average price is $28.36.

REA Group Company Profile

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.