Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Update

Shoprite Holdings Ltd (OTCMKTS:SRGHYGet Free Report) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,300 shares, a decline of 80.2% from the October 15th total of 11,600 shares. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is presently 0.4 days.

Shoprite Trading Down 0.4 %

Shares of OTCMKTS:SRGHY traded down $0.06 on Wednesday, hitting $16.97. The company’s stock had a trading volume of 4,179 shares, compared to its average volume of 4,189. Shoprite has a 12 month low of $11.98 and a 12 month high of $18.18. The stock’s 50-day moving average is $17.01 and its two-hundred day moving average is $15.90.

Shoprite Increases Dividend

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

Shoprite Company Profile

(Get Free Report)

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.

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