Super Group (SGHC) Limited (NYSE:SGHC) Short Interest Update

Super Group (SGHC) Limited (NYSE:SGHC) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 16,631,423 shares, an increase of 24.5% from the December 31st total of 13,361,533 shares. Based on an average daily trading volume, of 2,178,923 shares, the days-to-cover ratio is presently 7.6 days. Approximately 3.7% of the company’s stock are short sold. Approximately 3.7% of the company’s stock are short sold. Based on an average daily trading volume, of 2,178,923 shares, the days-to-cover ratio is presently 7.6 days.

Institutional Investors Weigh In On Super Group (SGHC)

Several hedge funds and other institutional investors have recently made changes to their positions in SGHC. SBI Securities Co. Ltd. increased its position in Super Group (SGHC) by 119.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,964 shares of the company’s stock worth $71,000 after buying an additional 3,244 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Super Group (SGHC) by 139.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 89,818 shares of the company’s stock worth $1,073,000 after acquiring an additional 52,364 shares during the last quarter. Huntleigh Advisors Inc. grew its position in shares of Super Group (SGHC) by 5.6% during the fourth quarter. Huntleigh Advisors Inc. now owns 87,120 shares of the company’s stock worth $1,041,000 after acquiring an additional 4,649 shares during the last quarter. Ninety One UK Ltd acquired a new position in shares of Super Group (SGHC) in the 4th quarter valued at $4,987,000. Finally, State of Alaska Department of Revenue raised its position in Super Group (SGHC) by 172.7% in the 4th quarter. State of Alaska Department of Revenue now owns 78,603 shares of the company’s stock valued at $938,000 after purchasing an additional 49,775 shares during the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group (SGHC) Trading Down 0.7%

NYSE SGHC traded down $0.07 on Wednesday, reaching $8.99. The stock had a trading volume of 1,433,615 shares, compared to its average volume of 2,151,511. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $10.88 and a two-hundred day moving average price of $11.64. Super Group has a 12-month low of $5.59 and a 12-month high of $14.38. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 20.90 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The business had revenue of $557.00 million during the quarter, compared to analyst estimates of $436.19 million. Super Group (SGHC) had a net margin of 10.05% and a return on equity of 43.14%. As a group, sell-side analysts forecast that Super Group will post 0.29 EPS for the current fiscal year.

Super Group (SGHC) Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, February 2nd. Super Group (SGHC)’s payout ratio is 37.21%.

Wall Street Analysts Forecast Growth

SGHC has been the subject of a number of recent research reports. Wall Street Zen lowered Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 12th. Macquarie reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Super Group (SGHC) in a report on Wednesday, November 5th. BTIG Research reissued a “buy” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research note on Friday, January 30th. Needham & Company LLC raised their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Benchmark lowered their price objective on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Super Group (SGHC) presently has a consensus rating of “Buy” and an average target price of $16.78.

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.