Shoprite Holdings Ltd (OTCMKTS:SRGHY) Sees Significant Growth in Short Interest

Shoprite Holdings Ltd (OTCMKTS:SRGHYGet Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 1,638 shares, a growth of 20,375.0% from the December 15th total of 8 shares. Based on an average daily volume of 9,836 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 9,836 shares, the days-to-cover ratio is currently 0.2 days.

Shoprite Price Performance

Shares of SRGHY stock opened at $16.77 on Tuesday. The company’s 50-day moving average price is $16.34 and its 200-day moving average price is $16.08. Shoprite has a twelve month low of $12.69 and a twelve month high of $17.50.

Shoprite Company Profile

(Get Free Report)

Shoprite Holdings Limited, trading in the form of American Depositary Receipts under the symbol SRGHY on the OTC Markets, is the largest food retailer on the African continent. Headquartered in Brackenfell, South Africa, the company operates a diversified portfolio of supermarkets, hypermarkets and convenience stores. Its retail network serves both urban and rural markets with a focus on affordability, quality fresh produce and a broad range of everyday household items.

The company’s core retail brands include Shoprite, Checkers, Checkers Hyper, Usave and OK Furniture, each tailored to specific market segments.

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