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

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 6,400 shares, an increase of 814.3% from the August 15th total of 700 shares. Based on an average daily trading volume, of 85,000 shares, the days-to-cover ratio is currently 0.1 days.

Shoprite Stock Performance

Shares of OTCMKTS:SRGHY traded down $0.07 during trading on Friday, reaching $16.96. 1,493 shares of the company traded hands, compared to its average volume of 4,574. Shoprite has a 52-week low of $11.73 and a 52-week high of $17.63. The business’s fifty day moving average is $16.46 and its 200-day moving average is $14.77.

About Shoprite

Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.