Short Interest in Shoprite Holdings Ltd (OTCMKTS:SRGHY) Drops By 67.0%

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 386 shares, a drop of 67.0% from the February 12th total of 1,170 shares. Based on an average daily volume of 9,035 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 9,035 shares, the short-interest ratio is currently 0.0 days.

Shoprite Trading Down 4.4%

OTCMKTS SRGHY opened at $15.48 on Friday. The firm’s 50 day moving average price is $16.60 and its 200-day moving average price is $16.43. Shoprite has a 52-week low of $12.69 and a 52-week high of $17.50.

Shoprite Company Profile

Shoprite Holdings Limited, trading in the form of American Depositary Receipts under the symbol SRGHY on the OTC Markets, is the largest food retailer on the African continent. Headquartered in Brackenfell, South Africa, the company operates a diversified portfolio of supermarkets, hypermarkets and convenience stores. Its retail network serves both urban and rural markets with a focus on affordability, quality fresh produce and a broad range of everyday household items.

The company’s core retail brands include Shoprite, Checkers, Checkers Hyper, Usave and OK Furniture, each tailored to specific market segments.