REA Group Limited (OTCMKTS:RPGRY) Sees Large Growth in Short Interest

REA Group Limited (OTCMKTS:RPGRY) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,000 shares, an increase of 1,900.0% from the January 15th total of 100 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently 1.3 days.

REA Group Stock Up 9.1 %

Shares of OTCMKTS:RPGRY opened at $45.13 on Thursday. The business has a 50-day moving average of $39.58 and a two-hundred day moving average of $38.51. REA Group has a fifty-two week low of $26.91 and a fifty-two week high of $45.13.

REA Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 5th will be issued a $0.1724 dividend. This is a positive change from REA Group’s previous dividend of $0.13. The ex-dividend date of this dividend is Wednesday, March 5th.

REA Group Company Profile

REA Group Limited engages in online property advertising business in Australia, India, and internationally. It provides property and property-related services on websites and mobile applications. The company operates residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, smartline.com.au, makaan.com, housing.com, PropTiger.com, realtor.com, Flatmates.com.au, property.com.au, simpology.com.au, campaignagent.com.au, proptrack.com.au, myfun.com, housing.com, propertygurugroup.com, realtor.com, spacely.com.au, rumah123.com, iproperty.com.sg, 99.co, and 1form.com.au.