Frasers Group Plc (OTCMKTS:SDIPF) Sees Large Drop in Short Interest

Frasers Group Plc (OTCMKTS:SDIPF) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 30,561 shares, a decline of 32.3% from the February 26th total of 45,131 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Frasers Group Stock Performance

Frasers Group stock opened at $9.54 on Friday. Frasers Group has a 12 month low of $9.00 and a 12 month high of $9.95. The stock has a 50-day moving average price of $9.42 and a two-hundred day moving average price of $9.29.

Frasers Group Company Profile

Frasers Group (OTCMKTS: SDIPF) is a diversified British retail, wholesale and online group offering a broad portfolio of sports, fashion and lifestyle brands. The company operates through a multi-channel model that encompasses physical retail outlets, e-commerce platforms and third-party wholesale distribution. Its retail estate includes a mix of flagship department stores, specialist sports chains and premium fashion boutiques, while its digital operations serve a global customer base.

Founded by Mike Ashley in 1982 as a single sports goods outlet in Maidenhead, the business expanded rapidly under the original name Sports Direct International.