Short Interest in Shoprite Holdings Ltd (OTCMKTS:SRGHY) Grows By 52.2%

Shoprite Holdings Ltd (OTCMKTS:SRGHY) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,500 shares, a growth of 52.2% from the October 31st total of 2,300 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is currently 0.7 days.

Shoprite Trading Down 3.0 %

Shoprite stock traded down $0.51 during mid-day trading on Friday, hitting $16.22. The company had a trading volume of 51,065 shares, compared to its average volume of 4,483. The company’s fifty day moving average is $16.91 and its 200-day moving average is $16.11. Shoprite has a 12-month low of $11.98 and a 12-month high of $18.18.

Shoprite Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were given a dividend of $0.1787 per share. This represents a yield of 1.61%. The ex-dividend date was Friday, September 27th. This is a positive change 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.