Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Update

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 8 shares, a drop of 99.7% from the November 30th total of 2,381 shares. Based on an average daily volume of 5,881 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 5,881 shares, the days-to-cover ratio is currently 0.0 days.

Shoprite Stock Down 0.2%

Shares of OTCMKTS SRGHY traded down $0.03 during midday trading on Friday, reaching $16.19. The stock had a trading volume of 1,281 shares, compared to its average volume of 7,832. The company’s 50 day moving average price is $16.41 and its 200 day moving average price is $15.98. Shoprite has a twelve month low of $12.69 and a twelve month high of $17.50.

Analysts Set New Price Targets

Separately, Investec raised Shoprite to a “buy” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

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.