Super Group (SGHC) Limited (NYSE:SGHC) Sees Large Increase in Short Interest

Super Group (SGHC) Limited (NYSE:SGHC) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 16,631,423 shares, a growth of 24.5% from the December 31st total of 13,361,533 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average trading volume of 2,178,923 shares, the short-interest ratio is presently 7.6 days. Based on an average trading volume of 2,178,923 shares, the short-interest ratio is presently 7.6 days. Approximately 3.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its position in Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock valued at $27,000 after acquiring an additional 1,396 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Super Group (SGHC) by 67,900.0% during the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock valued at $36,000 after purchasing an additional 2,716 shares during the last quarter. Greenwich Wealth Management LLC acquired a new stake in Super Group (SGHC) in the second quarter valued at $112,000. Scotia Capital Inc. acquired a new stake in shares of Super Group (SGHC) in the second quarter valued at approximately $113,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Super Group (SGHC) during the 2nd quarter worth about $121,000. Institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Trading Down 3.5%

Shares of NYSE:SGHC traded down $0.33 during trading on Tuesday, hitting $9.06. 2,431,336 shares of the company’s stock were exchanged, compared to its average volume of 2,070,196. The firm has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $11.64. The firm has a market cap of $4.56 billion, a P/E ratio of 21.06 and a beta of 1.08. Super Group has a 1-year low of $5.59 and a 1-year high of $14.38. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) (NYSE:SGHC) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%.The business had revenue of $557.00 million for the quarter, compared to analyst estimates of $436.19 million. Equities analysts predict that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) is 37.21%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SGHC shares. BTIG Research reiterated a “buy” rating and set a $19.00 price target on shares of Super Group (SGHC) in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research report on Tuesday, January 27th. Benchmark decreased their target price on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Macquarie reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research note on Wednesday, November 5th. Finally, Needham & Company LLC boosted their price target on shares of Super Group (SGHC) from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $16.78.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.