Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Up 36.4% in August

Shoprite Holdings Ltd (OTCMKTS:SRGHY) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 1,500 shares, a growth of 36.4% from the July 31st total of 1,100 shares. Based on an average daily trading volume, of 43,800 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 43,800 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Investec upgraded shares of Shoprite to a “buy” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Shoprite presently has a consensus rating of “Buy”.

Shoprite Stock Performance

Shares of OTCMKTS SRGHY opened at $16.23 on Wednesday. Shoprite has a one year low of $12.69 and a one year high of $18.18. The company’s fifty day moving average is $15.37 and its two-hundred day moving average is $15.24.

Shoprite Company Profile

Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.