Mr Price Group Limited (OTCMKTS:MRPLY) Short Interest Up 136.9% in July

Mr Price Group Limited (OTCMKTS:MRPLY) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 590 shares, an increase of 136.9% from the June 30th total of 249 shares. Based on an average daily trading volume, of 564 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Mr Price Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Mr Price Group Stock Performance

Shares of Mr Price Group stock remained flat at $10.15 during trading hours on Thursday. 65 shares of the stock were exchanged, compared to its average volume of 884. The firm has a market cap of $267.67 million and a PE ratio of 1.12. The business’s fifty day moving average is $10.09 and its 200 day moving average is $10.08. Mr Price Group has a one year low of $8.72 and a one year high of $13.29.

Mr Price Group Company Profile

Mr Price Group Limited (OTCMKTS: MRPLY) is a South African-based retailer known for its value-led fashion and homeware offerings. The Group operates through several divisions, including apparel, homeware and sportswear, designing and sourcing clothing, footwear, accessories and household products. It also offers financial services—such as credit and insurance—through its Mr Price Money and Mr Price Insurance arms, complementing its core retail operations.

Founded in 1985 with a single Mr Price store in Durban, the Group has since expanded into multiple brands, including Mr Price Home and Mr Price Sport.