Sun Art Retail Group Limited (OTCMKTS:SURRY) Sees Large Growth in Short Interest

Sun Art Retail Group Limited (OTCMKTS:SURRY) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 1,900 shares, an increase of 375.0% from the September 15th total of 400 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 0.9 days.

Separately, Sanford C. Bernstein lowered Sun Art Retail Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 11th.

OTCMKTS:SURRY traded down $0.10 during mid-day trading on Thursday, hitting $5.01. 415 shares of the company’s stock traded hands, compared to its average volume of 1,413. The company has a fifty day moving average of $5.43 and a 200 day moving average of $7.15. Sun Art Retail Group has a twelve month low of $4.19 and a twelve month high of $13.30.

About Sun Art Retail Group

Sun Art Retail Group Limited, an investment holding company, operates hypermarkets and e-commerce platforms in the People's Republic of China. It operates its hypermarkets under the RT-Mart and Auchan brands. The company also provides consulting, investment, wholesaling, and retailing services. As of December 31, 2019, it had a total of 486 outlets in 232 cities across 29 provinces, autonomous regions, and municipalities.

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