Short Interest in Shoprite Holdings Ltd (OTCMKTS:SRGHY) Expands By 70.3%

Shoprite Holdings Ltd (OTCMKTS:SRGHY) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 10,900 shares, a growth of 70.3% from the August 31st total of 6,400 shares. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is presently 1.7 days.

Shoprite Price Performance

OTCMKTS SRGHY opened at $17.95 on Friday. The company has a fifty day simple moving average of $16.83 and a 200 day simple moving average of $15.02. Shoprite has a 12-month low of $11.73 and a 12-month high of $18.16.

Shoprite Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 10th. Investors of record on Monday, September 30th will be paid a $0.1787 dividend. This is a boost from Shoprite’s previous dividend of $0.10. This represents a yield of 1.61%. The ex-dividend date of this dividend is Friday, September 27th. Shoprite’s payout ratio is currently 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.