Shoprite Holdings Ltd (OTCMKTS:SRGHY) Sees Significant Increase in Short Interest

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 5,293 shares, an increase of 39.7% from the January 15th total of 3,789 shares. Based on an average daily trading volume, of 6,414 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 6,414 shares, the short-interest ratio is currently 0.8 days.

Shoprite Price Performance

Shoprite stock opened at $16.80 on Tuesday. Shoprite has a 12-month low of $12.69 and a 12-month high of $17.50. The firm has a 50 day moving average of $16.52 and a 200 day moving average of $16.28.

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.