Mr Price Group Limited (OTCMKTS:MRPLY) Sees Significant Growth in Short Interest

Mr Price Group Limited (OTCMKTS:MRPLY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 4,000 shares, an increase of 25.0% from the July 15th total of 3,200 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 3.3 days.

Mr Price Group Stock Performance

Shares of OTCMKTS:MRPLY traded up $0.21 during mid-day trading on Friday, reaching $12.62. 585 shares of the company were exchanged, compared to its average volume of 2,673. Mr Price Group has a 1 year low of $6.43 and a 1 year high of $12.62. The firm’s 50-day simple moving average is $11.27 and its 200 day simple moving average is $9.84.

Mr Price Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 18th. Investors of record on Friday, July 5th were issued a dividend of $0.2097 per share. The ex-dividend date was Friday, July 5th. This is an increase from Mr Price Group’s previous dividend of $0.11. Mr Price Group’s payout ratio is currently 44.80%.

Mr Price Group Company Profile

Mr Price Group Limited, together with its subsidiaries, operates as a fashion retailer serving women, men, and children in South Africa and internationally. The company operates through Apparel, Home, Financial Services, and Telecoms segments. It offers clothing, underwear, footwear, cosmetics, babywear, school wear, and accessories; furniture and kids merchandise; sporting, outdoor, and fitness products comprising footwear, apparel, equipment, and accessories; women's smart and casual fashion and intimate wear; and home textile and decor products for bedroom, living-room, bathroom, kitchen, and dining-room.