Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,272 shares, a decrease of 52.1% from the June 30th total of 4,741 shares. Based on an average trading volume of 6,295 shares, the short-interest ratio is currently 0.4 days.
Shoprite Trading Up 1.0%
OTCMKTS:SRGHY traded up $0.17 during trading hours on Thursday, hitting $17.03. The company’s stock had a trading volume of 15,264 shares, compared to its average volume of 4,266. Shoprite has a 52-week low of $14.33 and a 52-week high of $18.50. The business’s 50-day moving average is $17.59 and its two-hundred day moving average is $17.04.
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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