Super Group Limited (NYSE:SGHC) Short Interest Up 22.8% in March

Super Group Limited (NYSE:SGHC) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 2,100,000 shares, an increase of 22.8% from the February 28th total of 1,710,000 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily volume of 788,500 shares, the days-to-cover ratio is currently 2.7 days.

Analysts Set New Price Targets

SGHC has been the topic of several recent analyst reports. Oppenheimer lifted their target price on shares of Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. BTIG Research began coverage on Super Group in a report on Friday, March 28th. They set a “buy” rating and a $9.00 target price for the company. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Super Group in a research report on Monday, January 27th. Needham & Company LLC raised their price objective on shares of Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their price objective on shares of Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $10.20.

Institutional Trading of Super Group

A number of institutional investors have recently bought and sold shares of the company. Aquatic Capital Management LLC purchased a new stake in Super Group during the fourth quarter valued at about $30,000. Walleye Capital LLC bought a new stake in shares of Super Group in the 3rd quarter worth approximately $54,000. Intech Investment Management LLC bought a new stake in Super Group in the 3rd quarter valued at about $66,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Super Group during the 4th quarter valued at $66,000. Finally, Xponance Inc. acquired a new stake in shares of Super Group in the 4th quarter worth approximately $67,000. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

Super Group Stock Down 6.7 %

Shares of Super Group stock traded down $0.45 on Thursday, reaching $6.29. 237,825 shares of the stock were exchanged, compared to its average volume of 576,715. The business has a 50 day moving average price of $7.50 and a two-hundred day moving average price of $6.05. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 104.85 and a beta of 1.00. Super Group has a twelve month low of $2.90 and a twelve month high of $8.51.

Super Group (NYSE:SGHC) last posted its quarterly earnings results on Thursday, April 3rd. The company reported $0.13 EPS for the quarter. Super Group had a return on equity of 15.40% and a net margin of 2.25%. Research analysts forecast that Super Group will post 0.29 EPS for the current year.

Super Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a yield of 3.6%. Super Group’s payout ratio is currently 266.67%.

Super Group Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.