Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Down 82.2% in April
by Jessica Moore · The Cerbat GemShoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 5,677 shares, a drop of 82.2% from the March 31st total of 31,855 shares. Based on an average daily trading volume, of 5,957 shares, the short-interest ratio is presently 1.0 days.
Shoprite Stock Down 1.5%
Shares of OTCMKTS:SRGHY traded down $0.27 during mid-day trading on Friday, hitting $17.15. The stock had a trading volume of 2,551 shares, compared to its average volume of 4,110. Shoprite has a 12-month low of $14.33 and a 12-month high of $18.14. The company’s 50 day moving average is $16.57 and its 200-day moving average is $16.54.
About Shoprite
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.