Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,272 shares, a decline of 52.1% from the June 30th total of 4,741 shares. Based on an average daily trading volume, of 6,295 shares, the short-interest ratio is currently 0.4 days.
Shoprite Price Performance
Shares of SRGHY opened at $16.46 on Tuesday. Shoprite has a 1 year low of $14.33 and a 1 year high of $18.50. The company’s 50 day simple moving average is $17.64 and its 200 day simple moving average is $17.04.
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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