Short Interest in Shoprite Holdings Ltd (OTCMKTS:SRGHY) Declines By 36.8%

Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 514 shares, a decrease of 36.8% from the August 15th total of 813 shares. Based on an average daily trading volume, of 4,007 shares, the short-interest ratio is currently 0.1 days.

Shoprite Price Performance

SRGHY stock remained flat at $19.09 during trading hours on Thursday. 946 shares of the company’s stock were exchanged, compared to its average volume of 3,891. Shoprite has a 12-month low of $15.28 and a 12-month high of $19.89. The company’s fifty day moving average is $18.21 and its 200-day moving average is $17.53.

About Shoprite

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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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