Super Group Limited (NYSE:SGHC) Short Interest Down 17.0% in October

Super Group Limited (NYSE:SGHC) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 729,200 shares, a decline of 17.0% from the September 30th total of 879,000 shares. Based on an average trading volume of 453,900 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SGHC. Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Super Group in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of Super Group in a report on Friday, August 9th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Super Group by 13.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,112 shares of the company’s stock worth $135,000 after acquiring an additional 4,715 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Super Group by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock worth $176,000 after acquiring an additional 5,005 shares in the last quarter. Algert Global LLC grew its position in 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 in the last quarter. Acadian Asset Management LLC purchased a new position in Super Group in the first quarter worth $31,000. Finally, ProShare Advisors LLC grew its position in Super Group by 49.1% in the second quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock worth $118,000 after acquiring an additional 12,037 shares in the last quarter. Institutional investors own 5.09% of the company’s stock.

Super Group Trading Up 0.5 %

Shares of Super Group stock traded up $0.02 during trading on Monday, hitting $4.17. The stock had a trading volume of 302,205 shares, compared to its average volume of 410,865. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 70.00 and a beta of 0.71. Super Group has a 12 month low of $2.63 and a 12 month high of $4.25. The business’s 50-day moving average is $3.67 and its 200 day moving average is $3.50.

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

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.