Short Interest in Shoprite Holdings Ltd (OTCMKTS:SRGHY) Rises By 1,655.6%

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 31,600 shares, a growth of 1,655.6% from the February 28th total of 1,800 shares. Based on an average daily volume of 58,800 shares, the days-to-cover ratio is presently 0.5 days.

Shoprite Stock Performance

Shares of SRGHY stock opened at $14.93 on Friday. The stock’s 50 day simple moving average is $15.10 and its two-hundred day simple moving average is $16.12. Shoprite has a 1 year low of $11.98 and a 1 year high of $18.18.

Shoprite Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 28th will be given a $0.1039 dividend. The ex-dividend date is Friday, March 28th. Shoprite’s dividend payout ratio is presently 60.55%.

About Shoprite

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.