Super Group (SGHC) Limited (NYSE:SGHC) Short Interest Update

Super Group (SGHC) Limited (NYSE:SGHC) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 14,393,085 shares, a decrease of 13.5% from the January 15th total of 16,631,423 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,173,024 shares, the short-interest ratio is currently 6.6 days. Based on an average daily trading volume, of 2,173,024 shares, the short-interest ratio is currently 6.6 days. Approximately 3.2% of the shares of the company are sold short.

Super Group (SGHC) Stock Up 1.4%

Super Group (SGHC) stock traded up $0.14 during mid-day trading on Wednesday, hitting $9.61. The company’s stock had a trading volume of 1,093,212 shares, compared to its average volume of 2,550,749. The firm’s 50 day moving average is $10.46 and its 200 day moving average is $11.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38. The company has a market cap of $4.84 billion, a PE ratio of 22.34 and a beta of 1.08.

Super Group (SGHC) Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio is 37.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SGHC. American Century Companies Inc. lifted its position in shares of Super Group (SGHC) by 3.0% during the third quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock worth $70,832,000 after purchasing an additional 156,351 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Super Group (SGHC) by 4.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,639,678 shares of the company’s stock worth $55,444,000 after purchasing an additional 202,144 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Norges Bank bought a new position in Super Group (SGHC) in the fourth quarter valued at approximately $23,791,000. Finally, Vanguard Group Inc. boosted its stake in Super Group (SGHC) by 8.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,988,987 shares of the company’s stock worth $26,255,000 after purchasing an additional 152,362 shares during the period. 5.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SGHC has been the topic of several recent research reports. BTIG Research reiterated a “buy” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Friday, January 30th. Needham & Company LLC increased their price objective on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Benchmark reduced their price objective on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Macquarie Infrastructure reissued an “outperform” rating and issued a $19.00 price objective on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Finally, Wall Street Zen lowered shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $17.00.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.