Super Group Limited (NYSE:SGHC) Sees Large Increase in Short Interest

Super Group Limited (NYSE:SGHC) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,100,000 shares, a growth of 22.8% from the February 28th total of 1,710,000 shares. Based on an average daily trading volume, of 788,500 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

SGHC has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and issued a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Oppenheimer boosted their target price on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. BTIG Research started coverage on Super Group in a report on Friday, March 28th. They issued a “buy” rating and a $9.00 price target for the company. Needham & Company LLC upped their price objective on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group increased their price objective on Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $10.20.

Institutional Investors Weigh In On Super Group

A number of institutional investors and hedge funds have recently bought and sold shares of SGHC. Aquatic Capital Management LLC acquired a new stake in shares of Super Group during the fourth quarter valued at $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Super Group during the fourth quarter worth about $66,000. Xponance Inc. purchased a new stake in shares of Super Group during the fourth quarter worth about $67,000. DGS Capital Management LLC acquired a new position in shares of Super Group in the fourth quarter valued at approximately $73,000. Finally, Fox Run Management L.L.C. acquired a new stake in Super Group during the fourth quarter worth approximately $75,000. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group Trading Up 2.6 %

Shares of SGHC stock traded up $0.17 during mid-day trading on Wednesday, reaching $6.74. The stock had a trading volume of 607,050 shares, compared to its average volume of 578,012. The company has a market cap of $3.36 billion, a P/E ratio of 112.35 and a beta of 1.00. Super Group has a 12-month low of $2.90 and a 12-month high of $8.51. The business has a 50-day simple moving average of $7.50 and a 200 day simple moving average of $6.05.

Super Group Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 3.6%. Super Group’s dividend payout ratio is presently 266.67%.

About Super Group

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.