Short Interest in Super Group (SGHC) Limited (NYSE:SGHC) Rises By 21.2%

Super Group (SGHC) Limited (NYSE:SGHC) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 17,445,386 shares, a growth of 21.2% from the January 29th total of 14,393,085 shares. Based on an average daily volume of 3,383,603 shares, the days-to-cover ratio is currently 5.2 days. Approximately 3.9% of the company’s shares are sold short. Approximately 3.9% of the company’s shares are sold short. Based on an average daily volume of 3,383,603 shares, the days-to-cover ratio is currently 5.2 days.

Super Group (SGHC) Stock Performance

Shares of Super Group (SGHC) stock opened at $11.22 on Friday. The company has a market capitalization of $5.65 billion, a PE ratio of 26.09 and a beta of 1.05. The company has a 50-day simple moving average of $10.18 and a two-hundred day simple moving average of $11.45. Super Group has a one year low of $5.59 and a one year high of $14.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75.

Super Group (SGHC) Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.05 dividend. This is a boost from Super Group (SGHC)’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, March 16th. Super Group (SGHC)’s dividend payout ratio is 46.51%.

Institutional Trading of Super Group (SGHC)

Several large investors have recently bought and sold shares of SGHC. Invesco Ltd. raised its holdings in shares of Super Group (SGHC) by 324.3% in the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after buying an additional 3,570,825 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock worth $58,575,000 after acquiring an additional 2,193,989 shares during the last quarter. Norges Bank purchased a new position in Super Group (SGHC) in the 4th quarter worth $23,791,000. Millennium Management LLC lifted its position in Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Super Group (SGHC) by 74.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after purchasing an additional 818,455 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SGHC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. BTIG Research reduced their price target on shares of Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Wall Street Zen cut shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Finally, Benchmark upped their target price on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $16.75.

About Super Group (SGHC)

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.