Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 31,855 shares, an increase of 4,355.2% from the March 15th total of 715 shares. Based on an average trading volume of 12,966 shares, the days-to-cover ratio is presently 2.5 days.
Shoprite Price Performance
Shares of SRGHY opened at $16.83 on Friday. Shoprite has a 1 year low of $13.81 and a 1 year high of $17.50. The firm has a fifty day moving average of $16.38 and a 200-day moving average of $16.46.
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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