Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 514 shares, a decline of 36.8% from the August 15th total of 813 shares. Based on an average daily trading volume, of 4,007 shares, the days-to-cover ratio is presently 0.1 days.
Shoprite Trading Down 0.3%
Shares of Shoprite stock opened at $19.04 on Friday. The stock has a 50 day moving average of $18.25 and a 200 day moving average of $17.55. Shoprite has a fifty-two week low of $15.28 and a fifty-two week high of $19.89.
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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