Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,170 shares, a decline of 77.9% from the January 29th total of 5,293 shares. Based on an average trading volume of 7,347 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 7,347 shares, the days-to-cover ratio is presently 0.2 days.
Shoprite Price Performance
OTCMKTS SRGHY opened at $16.42 on Friday. Shoprite has a 52-week low of $12.69 and a 52-week high of $17.50. The firm has a 50-day moving average price of $16.67 and a 200 day moving average price of $16.39.
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.
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