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

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

Pick n Pay Stores Stock Performance

PKPYY remained flat at $7.50 during midday trading on Friday. The company has a fifty day moving average of $7.50 and a two-hundred day moving average of $7.51. Pick n Pay Stores has a one year low of $7.10 and a one year high of $8.75.

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.