Shoprite Holdings Ltd (OTCMKTS:SRGHY) Sees Significant Decrease in Short Interest

Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 674 shares, a decline of 70.3% from the July 15th total of 2,272 shares. Based on an average daily trading volume, of 9,128 shares, the days-to-cover ratio is currently 0.1 days.

Shoprite Price Performance

SRGHY stock opened at $19.28 on Friday. The stock has a 50-day moving average price of $17.63 and a two-hundred day moving average price of $17.14. Shoprite has a 12-month low of $14.96 and a 12-month high of $19.28.

Shoprite Company Profile

(Get Free Report)

Shoprite Holdings Limited, trading in the form of American Depositary Receipts under the symbol SRGHY on the OTC Markets, is the largest food retailer on the African continent. Headquartered in Brackenfell, South Africa, the company operates a diversified portfolio of supermarkets, hypermarkets and convenience stores. Its retail network serves both urban and rural markets with a focus on affordability, quality fresh produce and a broad range of everyday household items.

The company’s core retail brands include Shoprite, Checkers, Checkers Hyper, Usave and OK Furniture, each tailored to specific market segments.

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