Short Interest in Shoprite Holdings Ltd (OTCMKTS:SRGHY) Grows By 62.9%

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 5,700 shares, an increase of 62.9% from the December 15th total of 3,500 shares. Based on an average daily trading volume, of 12,600 shares, the days-to-cover ratio is currently 0.5 days.

Shoprite Stock Performance

OTCMKTS:SRGHY traded up $0.06 during trading hours on Friday, reaching $15.62. 6,140 shares of the company were exchanged, compared to its average volume of 4,894. The stock’s 50-day moving average is $16.40 and its 200-day moving average is $16.55. Shoprite has a twelve month low of $11.98 and a twelve month high of $18.18.

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.