Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 3,789 shares, an increase of 131.3% from the December 31st total of 1,638 shares. Based on an average trading volume of 4,588 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 4,588 shares, the days-to-cover ratio is presently 0.8 days.
Shoprite Stock Down 0.7%
Shares of SRGHY stock opened at $16.98 on Thursday. Shoprite has a 1-year low of $12.69 and a 1-year high of $17.50. The company has a 50-day moving average of $16.36 and a two-hundred day moving average of $16.14.
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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