Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Update

Shoprite Holdings Ltd (OTCMKTS:SRGHY) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 31,600 shares, an increase of 1,655.6% from the February 28th total of 1,800 shares. Based on an average trading volume of 58,800 shares, the days-to-cover ratio is currently 0.5 days.

Shoprite Price Performance

Shoprite stock opened at $14.93 on Friday. Shoprite has a 12-month low of $11.98 and a 12-month high of $18.18. The firm has a 50 day moving average of $15.10 and a 200 day moving average of $16.12.

Shoprite Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1039 per share. The ex-dividend date of this dividend is Friday, March 28th. Shoprite’s dividend payout ratio (DPR) is currently 60.55%.

About Shoprite

Shoprite Holdings Ltd, an investment holding company, primarily engages in the food retailing business in South Africa and internationally. The company operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture, and Other Operating segments. It also offers clothing, general merchandise, cosmetics, and liquor products; furniture and home entertainment products; and electrical and household appliances.