Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 5,293 shares, a growth of 39.7% from the January 15th total of 3,789 shares. Based on an average daily volume of 6,414 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 6,414 shares, the days-to-cover ratio is currently 0.8 days.
Shoprite Stock Performance
Shares of OTCMKTS SRGHY opened at $16.80 on Friday. The company’s 50 day simple moving average is $16.51 and its 200 day simple moving average is $16.26. Shoprite has a fifty-two week low of $12.69 and a fifty-two 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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