Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Down 96.8% in March

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,000 shares, a decline of 96.8% from the March 15th total of 31,600 shares. Based on an average daily trading volume, of 8,000 shares, the short-interest ratio is presently 0.1 days.

Shoprite Stock Performance

Shares of SRGHY traded up $0.99 during midday trading on Tuesday, hitting $15.05. The stock had a trading volume of 6,599 shares, compared to its average volume of 10,977. Shoprite has a fifty-two week low of $11.98 and a fifty-two week high of $18.18. The business has a 50-day simple moving average of $14.67 and a two-hundred day simple moving average of $15.77.

Shoprite Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 10th. Stockholders of record on Friday, March 28th were issued a dividend of $0.1039 per share. The ex-dividend date was Friday, March 28th. 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.