Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 4,741 shares, an increase of 277.5% from the June 15th total of 1,256 shares. Based on an average daily trading volume, of 6,639 shares, the short-interest ratio is currently 0.7 days.
Shoprite Stock Performance
OTCMKTS SRGHY traded up $0.03 on Monday, reaching $17.34. 2,303 shares of the company were exchanged, compared to its average volume of 4,270. Shoprite has a fifty-two week low of $14.33 and a fifty-two week high of $18.50. The business’s fifty day moving average price is $17.74 and its 200 day moving average price is $17.00.
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.
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