Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 386 shares, a drop of 67.0% from the February 12th total of 1,170 shares. Based on an average daily trading volume, of 9,035 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 9,035 shares, the days-to-cover ratio is currently 0.0 days.
Shoprite Price Performance
Shoprite stock opened at $16.27 on Wednesday. Shoprite has a one year low of $12.69 and a one year high of $17.50. The stock’s 50 day moving average price is $16.63 and its 200 day moving average price is $16.44.
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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