Super Group Limited (NYSE:SGHC) Short Interest Update

Super Group Limited (NYSE:SGHC) was the target of a large growth in short interest during 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 trading volume of 788,500 shares, the short-interest ratio is presently 2.7 days. Approximately 1.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Super Group

Several institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp acquired a new position in Super Group during the 4th quarter worth approximately $352,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Super Group in the fourth quarter worth approximately $327,000. Principal Street Partners LLC grew its holdings in Super Group by 22.7% during the fourth quarter. Principal Street Partners LLC now owns 21,576 shares of the company’s stock worth $134,000 after buying an additional 3,993 shares in the last quarter. State of Wyoming raised its holdings in shares of Super Group by 62.2% in the fourth quarter. State of Wyoming now owns 71,255 shares of the company’s stock valued at $444,000 after purchasing an additional 27,335 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Super Group by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 42,200 shares of the company’s stock worth $263,000 after buying an additional 13,885 shares in the last quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.

Super Group Trading Up 2.1 %

NYSE SGHC traded up $0.14 during trading hours on Tuesday, hitting $6.58. 714,862 shares of the company’s stock were exchanged, compared to its average volume of 577,602. Super Group has a 1-year low of $2.90 and a 1-year high of $8.51. The stock has a 50-day simple moving average of $7.50 and a 200 day simple moving average of $6.04. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 109.60 and a beta of 1.00.

Super Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently commented on SGHC. Oppenheimer lifted their target price on shares of 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 initiated coverage on Super Group in a report on Friday. They set a “buy” rating and a $9.00 target price on the stock. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Super Group in a research note on Monday, January 27th. Needham & Company LLC upped their target price on Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their price target on shares of Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $10.20.

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.