Pick n Pay Stores Limited (OTCMKTS:PKPYY) Sees Large Decrease in Short Interest

Pick n Pay Stores Limited (OTCMKTS:PKPYY) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 15 shares, a decrease of 87.0% from the January 29th total of 115 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Pick n Pay Stores Stock Performance

Shares of PKPYY remained flat at $7.50 during trading hours on Thursday. Pick n Pay Stores has a 12-month low of $7.10 and a 12-month high of $8.75. The stock’s 50-day moving average price is $7.50 and its 200 day moving average price is $7.51.

Pick n Pay Stores Company Profile

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.