Super Group (SGHC) Limited (NYSE:SGHC) Sees Large Increase in Short Interest

Super Group (SGHC) Limited (NYSE:SGHC) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 16,631,423 shares, an increase of 24.5% from the December 31st total of 13,361,533 shares. Based on an average trading volume of 2,178,923 shares, the short-interest ratio is currently 7.6 days. Approximately 3.7% of the shares of the stock are sold short. Approximately 3.7% of the shares of the stock are sold short. Based on an average trading volume of 2,178,923 shares, the short-interest ratio is currently 7.6 days.

Super Group (SGHC) Stock Performance

SGHC traded down $0.33 on Tuesday, hitting $9.06. The company’s stock had a trading volume of 2,431,336 shares, compared to its average volume of 2,070,196. Super Group has a 12 month low of $5.59 and a 12 month high of $14.38. The company’s 50 day simple moving average is $10.88 and its 200-day simple moving average is $11.64. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.56 billion, a P/E ratio of 21.06 and a beta of 1.08.

Super Group (SGHC) (NYSE:SGHC) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. The firm had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $436.19 million. Super Group (SGHC) had a return on equity of 43.14% and a net margin of 10.05%. Analysts forecast that Super Group will post 0.29 EPS for the current year.

Super Group (SGHC) Announces Dividend

The company also recently declared a special dividend, which will be paid on Monday, February 9th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 2nd. Super Group (SGHC)’s dividend payout ratio (DPR) is presently 37.21%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SGHC shares. Benchmark cut their target price on Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a report on Tuesday, January 27th. Wall Street Zen cut Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a report on Monday, January 12th. BTIG Research reaffirmed a “buy” rating and set a $19.00 target price on shares of Super Group (SGHC) in a research report on Friday. Finally, Macquarie reissued an “outperform” rating and issued a $19.00 price target on shares of Super Group (SGHC) in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Super Group (SGHC) currently has an average rating of “Buy” and an average price target of $16.78.

Hedge Funds Weigh In On Super Group (SGHC)

A number of large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its holdings in Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company’s stock worth $27,000 after acquiring an additional 1,396 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Super Group (SGHC) by 67,900.0% in the third quarter. SBI Securities Co. Ltd. now owns 2,720 shares of the company’s stock worth $36,000 after purchasing an additional 2,716 shares during the period. Greenwich Wealth Management LLC purchased a new stake in shares of Super Group (SGHC) in the second quarter worth $112,000. Scotia Capital Inc. purchased a new stake in Super Group (SGHC) during the 2nd quarter valued at about $113,000. Finally, Teza Capital Management LLC purchased a new stake in shares of Super Group (SGHC) during the second quarter valued at approximately $121,000. 5.09% of the stock is owned by hedge funds and other institutional investors.

About Super Group (SGHC)

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.