Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Update

Shoprite Holdings Ltd (OTCMKTS:SRGHY) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 3,500 shares, an increase of 52.2% from the October 31st total of 2,300 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 0.7 days.

Shoprite Price Performance

Shares of OTCMKTS SRGHY traded down $0.09 during trading on Friday, reaching $16.12. The stock had a trading volume of 4,506 shares, compared to its average volume of 4,483. Shoprite has a one year low of $11.98 and a one year high of $18.18. The firm’s 50 day moving average price is $16.88 and its two-hundred day moving average price is $16.12.

Shoprite Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were paid a dividend of $0.1787 per share. This is a positive change from Shoprite’s previous dividend of $0.10. The ex-dividend date was Friday, September 27th. This represents a yield of 1.61%. Shoprite’s payout ratio is presently 60.55%.

Shoprite Company Profile

Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.