Mr Price Group Limited (OTCMKTS:MRPLY) Sees Large Growth in Short Interest

Mr Price Group Limited (OTCMKTS:MRPLY) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 249 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 771 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Mr Price Group Stock Performance

Shares of MRPLY opened at $10.68 on Thursday. The company’s 50-day moving average price is $9.92 and its 200 day moving average price is $10.10. Mr Price Group has a 12-month low of $8.72 and a 12-month high of $13.29. The firm has a market cap of $281.50 million and a P/E ratio of 1.12.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Mr Price Group to a “hold” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Mr Price Group presently has a consensus rating of “Moderate Buy”.

About Mr Price Group

Mr Price Group Limited (OTCMKTS: MRPLY) is a South African-based retailer known for its value-led fashion and homeware offerings. The Group operates through several divisions, including apparel, homeware and sportswear, designing and sourcing clothing, footwear, accessories and household products. It also offers financial services—such as credit and insurance—through its Mr Price Money and Mr Price Insurance arms, complementing its core retail operations.

Founded in 1985 with a single Mr Price store in Durban, the Group has since expanded into multiple brands, including Mr Price Home and Mr Price Sport.