Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Up 1,655.6% in March

Shoprite Holdings Ltd (OTCMKTS:SRGHY) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 31,600 shares, a growth 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 presently 0.5 days.

Shoprite Price Performance

OTCMKTS:SRGHY traded up $0.41 during trading hours on Wednesday, hitting $15.04. 2,167 shares of the stock traded hands, compared to its average volume of 11,859. Shoprite has a 1 year low of $11.98 and a 1 year high of $18.18. The stock has a 50 day moving average price of $15.12 and a 200 day moving average price of $16.14.

Shoprite Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 28th will be paid 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 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.