Pick n Pay Stores Limited (OTCMKTS:PKPYY) Sees Significant Decrease in Short Interest
by Sarita Garza · The Markets DailyPick n Pay Stores Limited (OTCMKTS:PKPYY – Get Free Report) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 15 shares, a decrease of 95.2% from the May 31st total of 315 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.
Pick n Pay Stores Stock Performance
Shares of OTCMKTS PKPYY remained flat at $6.10 during trading on Thursday. Pick n Pay Stores has a 1 year low of $6.10 and a 1 year high of $6.85. The business has a 50-day moving average of $6.89 and a 200 day moving average of $7.29.
About Pick n Pay Stores
Pick n Pay Stores Limited (OTCMKTS:PKPYY) is a leading South African retail grocery chain offering a broad range of food, household and general merchandise products. Headquartered in Cape Town, the company operates company-owned and franchise stores under various formats, including hypermarkets, supermarkets, convenience outlets and an online retail platform. Pick n Pay’s operations are supported by a central distribution network and loyalty programme, which together help maintain product availability and foster customer retention.
The company’s product portfolio spans fresh produce, meat and seafood, bakery goods, pantry staples, non-food household items and selected apparel.