Remitly Global Inc’s filing revealed that its CLCAO Somalya Saema unloaded Company’s shares for reported $0.34 million on Aug 07 ’25. In the deal valued at $19.08 per share,18,045 shares were sold. As a result of this transaction, Somalya Saema now holds 51,730 shares worth roughly $0.98 million.
Then, Hug Joshua sold 20,000 shares, generating $381,600 in total proceeds. Upon selling the shares at $19.08, the Director now owns 3,673,811 shares.
Before that, JOSHUA DAVID HUG bought 20,000 shares. Remitly Global Inc shares valued at $329,400 were divested by the Director at a price of $16.47 per share.
Monness Crespi & Hardt reiterated its Remitly Global Inc [RELY] rating to a Buy in a research note published on May 08, 2025; the price target was $32. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late October from “an Underweight” to “an Equal weight”. BMO Capital Markets also remained covering RELY and has increased its forecast on February 22, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Wells Fargo started covering the stock on January 17, 2024. It rated RELY as “an Underweight”.
Price Performance Review of RELY
On Friday, Remitly Global Inc [NASDAQ:RELY] saw its stock jump 0.26% to $19.0. Over the last five days, the stock has gained 20.33%. Remitly Global Inc shares have risen nearly 47.40% since the year began. Nevertheless, the stocks have fallen -15.82% over the past one year.
How much short interest is there in Remitly Global Inc?
A steep rise in short interest was recorded in Remitly Global Inc stocks on 2025-07-15, growing by 3.01 million shares to a total of 13.33 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-13 was 10.32 million shares. There was a rise of 22.61%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 05, 2023 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $25 price target.
