Short Interest in Shoprite Holdings Limited (OTCMKTS:SRGHY) Declines By 17.0%

Shoprite Holdings Limited (OTCMKTS:SRGHYGet Rating) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 8,300 shares, a decline of 17.0% from the March 31st total of 10,000 shares. Based on an average trading volume of 8,000 shares, the days-to-cover ratio is presently 1.0 days.

Shares of Shoprite stock opened at $14.22 on Wednesday. The company’s fifty day moving average price is $15.46 and its two-hundred day moving average price is $13.99. Shoprite has a 52-week low of $9.84 and a 52-week high of $16.77.

The firm also recently declared a dividend, which was paid on Thursday, April 21st. Shareholders of record on Friday, April 8th were issued a $0.1093 dividend. This represents a yield of 1.71%. The ex-dividend date was Thursday, April 7th.

About Shoprite (Get Rating)

Shoprite Holdings Limited, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetic, and liquor products; furniture, home entertainment, and floor covering products; and liquors, electrical and household appliances, and soft furnishings.

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