Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 433 shares, a drop of 40.9% from the September 30th total of 733 shares. Based on an average daily volume of 4,893 shares, the days-to-cover ratio is presently 0.1 days.
Shoprite Price Performance
Shares of SRGHY stock opened at $20.43 on Friday. Shoprite has a 12-month low of $15.28 and a 12-month high of $20.84. The firm has a fifty day moving average of $19.65 and a 200-day moving average of $17.78.
About Shoprite
Shoprite Holdings Limited is a South African retail group and one of Africa’s largest food and household-goods retailers. Through its supermarket, discount, convenience and liquor-store operations, the company sells groceries, fresh produce, prepared foods, general merchandise, alcoholic beverages and selected household products.
The group operates primarily through the Shoprite, Checkers, Usave, Shoprite LiquorShop and Medirite brands. Its services also include loyalty programs, grocery delivery and online shopping, including Checkers Sixty60, as well as selected financial and money-transfer services offered through its retail network.
Shoprite traces its origins to 1979, when it acquired a small group of Cape Town-based stores.
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