Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 4,741 shares, an increase of 277.5% from the June 15th total of 1,256 shares. Based on an average trading volume of 6,639 shares, the short-interest ratio is currently 0.7 days.
Shoprite Stock Up 0.2%
OTCMKTS:SRGHY traded up $0.04 on Friday, reaching $17.32. 2,324 shares of the company’s stock were exchanged, compared to its average volume of 4,292. Shoprite has a 52-week low of $14.33 and a 52-week high of $18.50. The business has a fifty day moving average of $17.74 and a 200-day moving average of $17.00.
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.
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