Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 3,789 shares, a growth of 131.3% from the December 31st total of 1,638 shares. Based on an average trading volume of 4,588 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 4,588 shares, the short-interest ratio is currently 0.8 days.
Shoprite Trading Down 0.7%
Shares of OTCMKTS SRGHY opened at $16.98 on Thursday. The company’s 50-day simple moving average is $16.36 and its 200-day simple moving average is $16.14. Shoprite has a 52-week low of $12.69 and a 52-week high of $17.50.
About Shoprite
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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