Short Interest in Mr Price Group Limited (OTCMKTS:MRPLY) Increases By 136.9%

Mr Price Group Limited (OTCMKTS:MRPLY) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 590 shares, an increase of 136.9% from the June 30th total of 249 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 564 shares, the days-to-cover ratio is currently 1.0 days.

Mr Price Group Price Performance

Shares of OTCMKTS:MRPLY opened at $10.15 on Tuesday. Mr Price Group has a 1 year low of $8.72 and a 1 year high of $13.29. The firm has a market capitalization of $267.67 million and a price-to-earnings ratio of 1.12. The business’s 50 day moving average price is $10.05 and its 200-day moving average price is $10.08.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Mr Price Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mr Price Group currently has an average rating of “Hold”.

About Mr Price Group

Mr Price Group Limited (OTCMKTS: MRPLY) is a South African-based retailer known for its value-led fashion and homeware offerings. The Group operates through several divisions, including apparel, homeware and sportswear, designing and sourcing clothing, footwear, accessories and household products. It also offers financial services—such as credit and insurance—through its Mr Price Money and Mr Price Insurance arms, complementing its core retail operations.

Founded in 1985 with a single Mr Price store in Durban, the Group has since expanded into multiple brands, including Mr Price Home and Mr Price Sport.