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

Super Group (SGHC) Limited (NYSE:SGHC) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 17,445,386 shares, a growth of 21.2% from the January 29th total of 14,393,085 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,383,603 shares, the short-interest ratio is presently 5.2 days. Based on an average daily trading volume, of 3,383,603 shares, the short-interest ratio is presently 5.2 days. Approximately 3.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SGHC. Benchmark upped their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. BTIG Research reduced their price target on Super Group (SGHC) from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Needham & Company LLC boosted their target price 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. Finally, Zacks Research upgraded shares of Super Group (SGHC) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.75.

Super Group (SGHC) Trading Down 4.1%

SGHC stock traded down $0.47 during midday trading on Thursday, hitting $11.10. The stock had a trading volume of 1,227,325 shares, compared to its average volume of 2,885,802. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $10.20 and a two-hundred day moving average price of $11.46. Super Group has a 1-year low of $5.59 and a 1-year high of $14.38. The firm has a market cap of $5.59 billion, a P/E ratio of 25.86 and a beta of 1.05.

Super Group (SGHC) Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, March 16th. This is a positive change from Super Group (SGHC)’s previous quarterly dividend of $0.04. Super Group (SGHC)’s dividend payout ratio (DPR) is currently 37.21%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Invesco Ltd. grew its holdings in Super Group (SGHC) by 324.3% in the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock worth $55,828,000 after purchasing an additional 3,570,825 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Super Group (SGHC) by 97.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after acquiring an additional 2,193,989 shares in the last quarter. Norges Bank acquired a new position in shares of Super Group (SGHC) during the fourth quarter worth approximately $23,791,000. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock worth $17,628,000 after purchasing an additional 1,532,666 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Super Group (SGHC) by 74.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after purchasing an additional 818,455 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

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.