Short Interest in Super Group (SGHC) Limited (NYSE:SGHC) Rises By 21.2%

Super Group (SGHC) Limited (NYSE:SGHC) was the recipient of a large growth in short interest during the month of 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 company’s shares are sold short. Based on an average trading volume of 3,383,603 shares, the days-to-cover ratio is currently 5.2 days. Based on an average trading volume of 3,383,603 shares, the days-to-cover ratio is currently 5.2 days. Approximately 3.9% of the company’s shares are sold short.

Super Group (SGHC) Stock Performance

Super Group (SGHC) stock opened at $11.00 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $5.53 billion, a PE ratio of 25.57 and a beta of 1.05. The company has a 50 day moving average price of $10.20 and a 200-day moving average price of $11.45. Super Group has a fifty-two week low of $5.59 and a fifty-two week high of $14.38.

Super Group (SGHC) Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.05 dividend. The ex-dividend date is Monday, March 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.8%. 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 Trading of Super Group (SGHC)

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in Super Group (SGHC) by 132.1% in the second quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after acquiring an additional 1,396 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in shares of Super Group (SGHC) in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. boosted its stake in shares of Super Group (SGHC) by 67,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after purchasing an additional 2,716 shares in the last quarter. Greenwich Wealth Management LLC purchased a new position in Super Group (SGHC) during the second quarter valued at approximately $112,000. Finally, Scotia Capital Inc. bought a new position in Super Group (SGHC) in the second quarter worth approximately $113,000. 5.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SGHC. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Needham & Company LLC raised their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Benchmark upped their price objective on Super Group (SGHC) from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Super Group (SGHC) presently has a consensus rating of “Buy” and a consensus price target of $16.75.

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.