Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,256 shares, a decline of 73.6% from the May 31st total of 4,756 shares. Based on an average daily volume of 19,162 shares, the short-interest ratio is presently 0.1 days.
Shoprite Price Performance
Shares of SRGHY opened at $17.88 on Friday. The business’s 50-day moving average price is $17.70 and its 200 day moving average price is $16.89. Shoprite has a 1-year low of $14.33 and a 1-year high of $18.50.
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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