Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Update

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 2,300 shares, a decline of 80.2% from the October 15th total of 11,600 shares. Based on an average trading volume of 5,500 shares, the days-to-cover ratio is presently 0.4 days.

Shoprite Stock Down 0.4 %

Shares of SRGHY stock traded down $0.06 during mid-day trading on Wednesday, reaching $16.97. 4,179 shares of the company were exchanged, compared to its average volume of 4,189. The business’s 50 day simple moving average is $17.01 and its 200 day simple moving average is $15.90. Shoprite has a fifty-two week low of $11.98 and a fifty-two week high of $18.18.

Shoprite Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 10th. Shareholders of record on Monday, September 30th were paid a dividend of $0.1787 per share. The ex-dividend date was Friday, September 27th. This represents a yield of 1.61%. This is a boost from Shoprite’s previous dividend of $0.10. Shoprite’s dividend payout ratio is presently 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.