Shoprite Holdings Ltd (OTCMKTS:SRGHY) Short Interest Up 70.3% in September

Shoprite Holdings Ltd (OTCMKTS:SRGHY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 10,900 shares, a growth of 70.3% from the August 31st total of 6,400 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 1.7 days.

Shoprite Price Performance

SRGHY stock traded up $0.09 during trading on Thursday, reaching $18.10. The company had a trading volume of 841 shares, compared to its average volume of 4,507. Shoprite has a 52 week low of $11.73 and a 52 week high of $18.10. The business has a 50 day moving average of $16.73 and a 200 day moving average of $14.98.

Shoprite Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Monday, September 30th will be given a $0.1787 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a dividend yield of 1.61%. This is a positive change from Shoprite’s previous dividend of $0.10. Shoprite’s dividend payout ratio is currently 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.