Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Up 52.2% in November

Shoprite Holdings Ltd (OTCMKTS:SRGHY) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,500 shares, an increase of 52.2% from the October 31st total of 2,300 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 0.7 days.

Shoprite Stock Performance

Shares of SRGHY traded down $0.51 during mid-day trading on Friday, reaching $16.22. The stock had a trading volume of 51,065 shares, compared to its average volume of 4,483. The business has a fifty day moving average of $16.91 and a 200 day moving average of $16.11. Shoprite has a 12 month low of $11.98 and a 12 month high of $18.18.

Shoprite Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were issued a dividend of $0.1787 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 1.61%. This is an increase from Shoprite’s previous dividend of $0.10. Shoprite’s dividend payout ratio is 60.55%.

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.