Super Group Limited (NYSE:SGHC) Short Interest Down 44.7% in September

Super Group Limited (NYSE:SGHC) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 879,000 shares, a drop of 44.7% from the September 15th total of 1,590,000 shares. Based on an average daily volume of 484,700 shares, the short-interest ratio is currently 1.8 days. Approximately 0.6% of the company’s shares are short sold.

Super Group Trading Up 1.0 %

SGHC stock traded up $0.04 during mid-day trading on Friday, hitting $4.05. The stock had a trading volume of 40,075 shares, compared to its average volume of 418,887. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 33.33 and a beta of 0.71. Super Group has a 1-year low of $2.63 and a 1-year high of $4.07. The company has a fifty day moving average of $3.48 and a 200 day moving average of $3.44.

Super Group (NYSE:SGHC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Super Group had a return on equity of 12.17% and a net margin of 2.42%. The business had revenue of $446.44 million for the quarter, compared to analyst estimates of $436.89 million. As a group, sell-side analysts expect that Super Group will post 0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SGHC. Price T Rowe Associates Inc. MD boosted its stake in Super Group by 13.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock valued at $135,000 after purchasing an additional 4,715 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Super Group by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock valued at $176,000 after acquiring an additional 5,005 shares during the period. Algert Global LLC grew its stake in shares of Super Group by 54.5% in the second quarter. Algert Global LLC now owns 19,036 shares of the company’s stock worth $61,000 after acquiring an additional 6,711 shares during the last quarter. Acadian Asset Management LLC bought a new position in Super Group during the first quarter worth $31,000. Finally, ProShare Advisors LLC boosted its holdings in Super Group by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock valued at $118,000 after purchasing an additional 12,037 shares during the period. 5.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SGHC shares. Needham & Company LLC reissued a “buy” rating and issued a $6.00 price objective on shares of Super Group in a research note on Friday, August 9th. Benchmark restated a “buy” rating and set a $5.00 price target on shares of Super Group in a report on Thursday, August 8th.

Super Group Company Profile

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.