Short Interest in Pick n Pay Stores Limited (OTCMKTS:PKPYY) Declines By 87.0%

Pick n Pay Stores Limited (OTCMKTS:PKPYY) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 15 shares, a drop of 87.0% from the January 29th total of 115 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Pick n Pay Stores Stock Performance

Shares of PKPYY stock remained flat at $7.50 on Wednesday. Pick n Pay Stores has a 1-year low of $7.10 and a 1-year high of $8.75. The business’s 50 day moving average price is $7.50 and its two-hundred day moving average price is $7.51.

Analyst Ratings Changes

Separately, Investec upgraded Pick n Pay Stores from a “hold” rating to a “buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Pick n Pay Stores has an average rating of “Buy”.

About Pick n Pay Stores

Pick n Pay Stores Limited (OTCMKTS:PKPYY) is a leading South African retail grocery chain offering a broad range of food, household and general merchandise products. Headquartered in Cape Town, the company operates company-owned and franchise stores under various formats, including hypermarkets, supermarkets, convenience outlets and an online retail platform. Pick n Pay’s operations are supported by a central distribution network and loyalty programme, which together help maintain product availability and foster customer retention.

The company’s product portfolio spans fresh produce, meat and seafood, bakery goods, pantry staples, non-food household items and selected apparel.