Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,741 shares, an increase of 277.5% from the June 15th total of 1,256 shares. Based on an average daily trading volume, of 6,639 shares, the short-interest ratio is currently 0.7 days.
Shoprite Trading Up 1.4%
Shoprite stock traded up $0.25 during trading on Tuesday, hitting $17.39. 2,851 shares of the company were exchanged, compared to its average volume of 4,272. The business’s 50 day moving average is $17.75 and its 200 day moving average is $17.01. Shoprite has a 52 week low of $14.33 and a 52 week high of $18.50.
Shoprite Company Profile
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.
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