Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Up 44.0% in September

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 15,700 shares, a growth of 44.0% from the September 15th total of 10,900 shares. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is currently 2.7 days.

Shoprite Price Performance

Shares of OTCMKTS:SRGHY traded up $0.16 during mid-day trading on Friday, reaching $16.73. 5,116 shares of the company’s stock were exchanged, compared to its average volume of 4,393. Shoprite has a twelve month low of $11.73 and a twelve month high of $18.16. The business’s fifty day moving average price is $16.96 and its 200-day moving average price is $15.25.

Shoprite Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were paid a dividend of $0.1787 per share. This represents a yield of 1.61%. The ex-dividend date of this dividend was Friday, September 27th. This is an increase from Shoprite’s previous dividend of $0.10. Shoprite’s dividend payout ratio (DPR) is currently 60.55%.

Shoprite Company Profile

Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.