Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Down 18.7% in January

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 8,700 shares, a drop of 18.7% from the January 15th total of 10,700 shares. Based on an average trading volume of 12,400 shares, the days-to-cover ratio is presently 0.7 days.

Shoprite Price Performance

SRGHY opened at $14.93 on Monday. The company’s 50 day moving average is $15.80 and its 200 day moving average is $16.49. Shoprite has a 12-month low of $11.98 and a 12-month high of $18.18.

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.