Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Up 131.3% in January

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,789 shares, an increase of 131.3% from the December 31st total of 1,638 shares. Based on an average daily trading volume, of 4,588 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 4,588 shares, the days-to-cover ratio is currently 0.8 days.

Shoprite Price Performance

Shares of Shoprite stock opened at $17.05 on Friday. Shoprite has a 52 week low of $12.69 and a 52 week high of $17.50. The stock has a 50 day moving average price of $16.38 and a two-hundred day moving average price of $16.15.

Shoprite Company Profile

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.