Reliance Global Group, Inc. (NASDAQ:RELI) Sees Large Growth in Short Interest

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 67,700 shares, a growth of 55.6% from the November 30th total of 43,500 shares. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is currently 0.0 days. Approximately 4.2% of the shares of the stock are sold short.

Reliance Global Group Price Performance

Shares of Reliance Global Group stock traded up $0.27 during trading hours on Monday, hitting $2.65. The company’s stock had a trading volume of 349,913 shares, compared to its average volume of 666,234. Reliance Global Group has a 12-month low of $1.17 and a 12-month high of $18.53. The business has a 50 day moving average price of $1.84 and a two-hundred day moving average price of $2.82.

Reliance Global Group Company Profile

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.