Reliance Global Group, Inc. (NASDAQ:RELI) Sees Significant Increase in Short Interest

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

Reliance Global Group Stock Performance

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

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.