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

Mr Price Group Limited (OTCMKTS:MRPLY) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 590 shares, a growth of 136.9% from the June 30th total of 249 shares. Based on an average trading volume of 564 shares, the short-interest ratio is currently 1.0 days. Approximately 0.0% of the shares of the stock are sold short.

Mr Price Group Stock Performance

Shares of Mr Price Group stock remained flat at $10.15 on Wednesday. 63 shares of the stock traded hands, compared to its average volume of 884. The stock has a market cap of $267.67 million and a P/E ratio of 1.12. The business has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $10.08. Mr Price Group has a twelve month low of $8.72 and a twelve month high of $13.29.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Mr Price Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.