Shoprite Holdings Ltd (OTCMKTS:SRGHY) Sees Significant Increase in Short Interest

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,638 shares, an increase of 20,375.0% from the December 15th total of 8 shares. Based on an average daily trading volume, of 9,836 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 9,836 shares, the days-to-cover ratio is presently 0.2 days.

Shoprite Stock Performance

Shares of SRGHY traded up $0.13 during mid-day trading on Monday, reaching $16.77. The company’s stock had a trading volume of 3,122 shares, compared to its average volume of 2,331. Shoprite has a 1-year low of $12.69 and a 1-year high of $17.50. The business has a 50-day simple moving average of $16.35 and a two-hundred day simple moving average of $16.07.

About Shoprite

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.