Pick n Pay Stores Limited (OTCMKTS:PKPYY) Short Interest Up 2,000.0% in May
by Danessa Lincoln · The Markets DailyPick n Pay Stores Limited (OTCMKTS:PKPYY – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 315 shares, an increase of 2,000.0% from the May 14th total of 15 shares. Based on an average daily volume of 111 shares, the short-interest ratio is presently 2.8 days.
Pick n Pay Stores Price Performance
OTCMKTS:PKPYY remained flat at $6.10 during midday trading on Tuesday. The stock’s 50 day moving average price is $7.23 and its 200 day moving average price is $7.41. Pick n Pay Stores has a twelve month low of $6.10 and a twelve month high of $6.85.
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.