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

Reliance Global Group, Inc. (NASDAQ:RELI) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 191,600 shares, a decline of 30.1% from the May 31st total of 274,000 shares. Based on an average daily volume of 10,330,000 shares, the short-interest ratio is presently 0.0 days. Approximately 2.6% of the company’s stock are short sold.

Insider Activity at Reliance Global Group

In other news, CEO Ezra Beyman purchased 10,941 shares of the stock in a transaction on Thursday, May 30th. The stock was bought at an average price of $4.59 per share, for a total transaction of $50,219.19. Following the acquisition, the chief executive officer now directly owns 17,875 shares of the company’s stock, valued at approximately $82,046.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Reliance Global Group

A hedge fund recently bought a new stake in Reliance Global Group stock. Armistice Capital LLC acquired a new stake in Reliance Global Group, Inc. (NASDAQ:RELI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 157,736 shares of the company’s stock, valued at approximately $85,000.

Reliance Global Group Stock Up 13.9 %

Reliance Global Group stock traded up $0.54 during trading hours on Monday, reaching $4.38. 1,225,133 shares of the stock were exchanged, compared to its average volume of 334,244. Reliance Global Group has a 52-week low of $3.49 and a 52-week high of $86.19. The firm’s 50 day moving average is $0.29 and its 200 day moving average is $0.39.

About Reliance Global Group

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.