Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Up 85.2% in March

Shoprite Holdings Ltd (OTCMKTS:SRGHY) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 715 shares, a growth of 85.2% from the February 26th total of 386 shares. Based on an average daily volume of 13,444 shares, the days-to-cover ratio is presently 0.1 days.

Shoprite Trading Down 1.9%

Shares of Shoprite stock opened at $15.82 on Thursday. Shoprite has a twelve month low of $12.69 and a twelve month high of $17.50. The business’s 50 day simple moving average is $16.44 and its 200-day simple moving average is $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.