Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Up 62.9% in December

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 5,700 shares, a growth of 62.9% from the December 15th total of 3,500 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 0.5 days.

Shoprite Stock Performance

SRGHY traded up $0.31 during trading on Thursday, reaching $15.56. 4,329 shares of the stock traded hands, compared to its average volume of 4,757. The stock’s 50-day moving average is $16.44 and its 200 day moving average is $16.56. Shoprite has a 12 month low of $11.98 and a 12 month high of $18.18.

About Shoprite

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.