Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 674 shares, a drop of 70.3% from the July 15th total of 2,272 shares. Based on an average daily trading volume, of 9,128 shares, the short-interest ratio is presently 0.1 days.
Shoprite Stock Performance
Shares of SRGHY traded up $0.09 during trading hours on Friday, hitting $19.28. 1,076 shares of the company were exchanged, compared to its average volume of 4,162. The firm’s 50 day moving average is $17.59 and its 200-day moving average is $17.13. Shoprite has a 52 week low of $14.96 and a 52 week high of $19.28.
About Shoprite
Shoprite Holdings Limited, trading in the form of American Depositary Receipts under the symbol SRGHY on the OTC Markets, is the largest food retailer on the African continent. Headquartered in Brackenfell, South Africa, the company operates a diversified portfolio of supermarkets, hypermarkets and convenience stores. Its retail network serves both urban and rural markets with a focus on affordability, quality fresh produce and a broad range of everyday household items.
The company’s core retail brands include Shoprite, Checkers, Checkers Hyper, Usave and OK Furniture, each tailored to specific market segments.
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