Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Update

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,500 shares, a growth of 52.2% from the October 31st total of 2,300 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is presently 0.7 days.

Shoprite Trading Down 0.6 %

OTCMKTS:SRGHY opened at $16.12 on Friday. The company has a fifty day moving average price of $16.88 and a 200 day moving average price of $16.12. Shoprite has a one year low of $11.98 and a one year high of $18.18.

Shoprite Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, October 10th. Investors of record on Monday, September 30th were paid a $0.1787 dividend. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Shoprite’s previous dividend of $0.10. Shoprite’s dividend payout ratio (DPR) is presently 60.55%.

Shoprite Company Profile

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.