Short Interest in Shoprite Holdings Ltd (OTCMKTS:SRGHY) Drops By 82.2%

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 5,677 shares, a drop of 82.2% from the March 31st total of 31,855 shares. Based on an average daily volume of 5,957 shares, the short-interest ratio is currently 1.0 days.

Shoprite Stock Performance

OTCMKTS:SRGHY opened at $17.15 on Friday. Shoprite has a 52 week low of $14.33 and a 52 week high of $18.14. The stock’s fifty day moving average is $16.57 and its two-hundred day moving average is $16.54.

Shoprite Company Profile

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.