Shoprite Holdings Ltd (OTCMKTS:SRGHY) Sees Large Drop in Short Interest

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,256 shares, a decrease of 73.6% from the May 31st total of 4,756 shares. Based on an average trading volume of 19,162 shares, the short-interest ratio is currently 0.1 days.

Shoprite Price Performance

Shares of OTCMKTS SRGHY opened at $17.88 on Friday. The stock has a 50 day moving average price of $17.70 and a 200 day moving average price of $16.89. Shoprite has a 52 week low of $14.33 and a 52 week high of $18.50.

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.