Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,256 shares, a decrease of 73.6% from the May 31st total of 4,756 shares. Based on an average daily trading volume, of 19,162 shares, the days-to-cover ratio is presently 0.1 days.
Shoprite Price Performance
SRGHY stock traded down $0.41 during midday trading on Monday, hitting $17.89. The stock had a trading volume of 3,964 shares, compared to its average volume of 4,371. The business has a fifty day moving average price of $17.70 and a two-hundred day moving average price of $16.89. Shoprite has a 1-year low of $14.33 and a 1-year high of $18.50.
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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