Short Interest in Super Group (SGHC) Limited (NYSE:SGHC) Decreases By 13.5%

Super Group (SGHC) Limited (NYSE:SGHC) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 14,393,085 shares, a decline of 13.5% from the January 15th total of 16,631,423 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 2,173,024 shares, the days-to-cover ratio is currently 6.6 days. Based on an average daily trading volume, of 2,173,024 shares, the days-to-cover ratio is currently 6.6 days. Currently, 3.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Super Group (SGHC)

Institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its position in shares of Super Group (SGHC) by 97.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after purchasing an additional 2,193,989 shares during the period. Norges Bank bought a new position in Super Group (SGHC) in the 4th quarter valued at about $23,791,000. Millennium Management LLC raised its position in Super Group (SGHC) by 127.2% during the first quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after purchasing an additional 1,532,666 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Super Group (SGHC) by 74.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock valued at $22,946,000 after buying an additional 818,455 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Super Group (SGHC) by 1,090.1% in the 4th quarter. JPMorgan Chase & Co. now owns 798,148 shares of the company’s stock valued at $9,538,000 after purchasing an additional 731,081 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SGHC has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Super Group (SGHC) in a research note on Tuesday, January 27th. Needham & Company LLC raised their price target on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. BTIG Research reissued a “buy” rating and set a $19.00 price target on shares of Super Group (SGHC) in a report on Friday, January 30th. Benchmark lowered their price objective on shares of Super Group (SGHC) from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, Wall Street Zen cut shares of Super Group (SGHC) from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Super Group (SGHC) presently has an average rating of “Buy” and an average target price of $16.78.

Super Group (SGHC) Trading Up 5.6%

Shares of Super Group (SGHC) stock traded up $0.50 during trading on Tuesday, reaching $9.46. 332,317 shares of the company were exchanged, compared to its average volume of 2,498,583. The business has a 50-day moving average price of $10.50 and a 200-day moving average price of $11.51. Super Group has a twelve month low of $5.59 and a twelve month high of $14.38. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 21.97 and a beta of 1.08. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02.

Super Group (SGHC) Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 2nd. Super Group (SGHC)’s payout ratio is currently 37.21%.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.