Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Update

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 715 shares, an increase of 85.2% from the February 26th total of 386 shares. Based on an average daily trading volume, of 13,444 shares, the days-to-cover ratio is currently 0.1 days.

Shoprite Price Performance

OTCMKTS SRGHY opened at $16.47 on Friday. Shoprite has a fifty-two week low of $12.69 and a fifty-two week high of $17.50. The business has a fifty day moving average of $16.43 and a 200-day moving average of $16.46.

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.