Short Interest in REA Group Limited (OTCMKTS:RPGRY) Declines By 90.0%

REA Group Limited (OTCMKTS:RPGRY) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 200 shares, a decrease of 90.0% from the January 31st total of 2,000 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 0.1 days.

REA Group Price Performance

OTCMKTS RPGRY traded up $2.89 on Friday, hitting $47.21. 259 shares of the stock traded hands, compared to its average volume of 1,099. The business’s fifty day moving average is $39.86 and its two-hundred day moving average is $39.11. REA Group has a 12 month low of $26.91 and a 12 month high of $47.21.

REA Group Increases Dividend

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

About REA Group

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.