Sun Art Retail Group Limited (OTCMKTS:SURRY) Sees Large Drop in Short Interest

Sun Art Retail Group Limited (OTCMKTS:SURRY) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 451 shares, a drop of 67.9% from the August 15th total of 1,403 shares. Based on an average daily volume of 263 shares, the short-interest ratio is presently 1.7 days.

Sun Art Retail Group Stock Performance

SURRY stock opened at $1.37 on Friday. Sun Art Retail Group has a 52 week low of $1.08 and a 52 week high of $2.52. The company’s 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.55.

About Sun Art Retail Group

Sun Art Retail Group Co, Ltd. (OTCMKTS:SURRY) is a leading hypermarket operator in Mainland China, offering a wide assortment of groceries, fresh produce and general merchandise. The company operates stores under the RT-Mart and Auchan banners across multiple provinces and cities, catering to urban and suburban consumers seeking one-stop shopping solutions.

Established in 1998, Sun Art Retail Group has grown through continuous investment in supply chain infrastructure and technology. In 2020, the company formed a strategic alliance with Alibaba Group and Ruentex Corporation following the acquisition of its former international partner’s stake, positioning Sun Art to leverage advanced e-commerce capabilities and data analytics for omnichannel expansion.

Sun Art’s product portfolio encompasses fresh fruits, vegetables, seafood and meat, dry groceries, household appliances, apparel and general merchandise.