Super Group (SGHC) Limited (NYSE:SGHC) Short Interest Down 13.5% in January

Super Group (SGHC) Limited (NYSE:SGHC) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 14,393,085 shares, a decline of 13.5% from the January 15th total of 16,631,423 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 2,173,024 shares, the short-interest ratio is presently 6.6 days. Based on an average daily volume of 2,173,024 shares, the short-interest ratio is presently 6.6 days. Currently, 3.2% of the company’s stock are short sold.

Super Group (SGHC) Stock Down 0.5%

SGHC stock opened at $9.43 on Thursday. Super Group has a 12 month low of $5.59 and a 12 month high of $14.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 21.92 and a beta of 1.08. The company has a fifty day moving average price of $10.42 and a 200 day moving average price of $11.48.

Super Group (SGHC) Announces Dividend

The business also recently declared a special dividend, which was paid on Monday, February 9th. Investors of record on Monday, February 2nd were given a $0.25 dividend. The ex-dividend date was Monday, February 2nd. Super Group (SGHC)’s payout ratio is 37.21%.

Institutional Investors Weigh In On Super Group (SGHC)

Several large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its position in Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after buying an additional 2,193,989 shares during the last quarter. Norges Bank acquired a new stake in shares of Super Group (SGHC) in the 4th quarter worth $23,791,000. Millennium Management LLC boosted its holdings in shares of Super Group (SGHC) by 127.2% in the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Super Group (SGHC) by 74.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after acquiring an additional 818,455 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Super Group (SGHC) by 1,090.1% during the fourth quarter. JPMorgan Chase & Co. now owns 798,148 shares of the company’s stock worth $9,538,000 after purchasing an additional 731,081 shares in the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen downgraded Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. Macquarie Infrastructure restated an “outperform” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. BTIG Research reiterated a “buy” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research note on Friday, January 30th. Benchmark reduced their price objective on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, Needham & Company LLC increased their target price on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Super Group (SGHC) has a consensus rating of “Buy” and a consensus target price of $17.00.

About Super Group (SGHC)

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.