Reliance Global Group, Inc. (NASDAQ:RELI) Short Interest Update

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 210,200 shares, an increase of 210.5% from the December 31st total of 67,700 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is presently 0.1 days. Currently, 12.9% of the shares of the stock are sold short.

Reliance Global Group Price Performance

Reliance Global Group stock traded up $0.14 during midday trading on Wednesday, hitting $2.14. The company’s stock had a trading volume of 172,724 shares, compared to its average volume of 191,634. Reliance Global Group has a 12 month low of $1.17 and a 12 month high of $18.53. The stock’s 50-day moving average price is $1.96 and its 200-day moving average price is $2.41.

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.