Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 674 shares, a decrease of 70.3% from the July 15th total of 2,272 shares. Based on an average daily volume of 9,128 shares, the short-interest ratio is currently 0.1 days.
Shoprite Stock Performance
Shares of OTCMKTS:SRGHY opened at $19.10 on Thursday. The business has a fifty day moving average of $17.56 and a 200-day moving average of $17.11. Shoprite has a twelve month low of $14.96 and a twelve month high of $19.10.
About Shoprite
Shoprite Holdings Limited, trading in the form of American Depositary Receipts under the symbol SRGHY on the OTC Markets, is the largest food retailer on the African continent. Headquartered in Brackenfell, South Africa, the company operates a diversified portfolio of supermarkets, hypermarkets and convenience stores. Its retail network serves both urban and rural markets with a focus on affordability, quality fresh produce and a broad range of everyday household items.
The company’s core retail brands include Shoprite, Checkers, Checkers Hyper, Usave and OK Furniture, each tailored to specific market segments.
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