Frasers Group Plc (OTCMKTS:SDIPF) Sees Significant Growth in Short Interest

Frasers Group Plc (OTCMKTS:SDIPF) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 104,485 shares, an increase of 241.7% from the May 31st total of 30,579 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ? days.

Frasers Group Stock Performance

Shares of OTCMKTS:SDIPF remained flat at $9.08 during trading on Monday. The business has a 50-day moving average of $9.18 and a 200-day moving average of $9.26. Frasers Group has a 52 week low of $9.00 and a 52 week high of $9.95.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut shares of Frasers Group from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Frasers Group presently has an average rating of “Sell”.

About Frasers Group

Frasers Group (OTCMKTS: SDIPF) is a diversified British retail, wholesale and online group offering a broad portfolio of sports, fashion and lifestyle brands. The company operates through a multi-channel model that encompasses physical retail outlets, e-commerce platforms and third-party wholesale distribution. Its retail estate includes a mix of flagship department stores, specialist sports chains and premium fashion boutiques, while its digital operations serve a global customer base.

Founded by Mike Ashley in 1982 as a single sports goods outlet in Maidenhead, the business expanded rapidly under the original name Sports Direct International.