Super Group Limited (NYSE:SGHC) Short Interest Update

Super Group Limited (NYSE:SGHC) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,590,000 shares, an increase of 27.2% from the August 31st total of 1,250,000 shares. Based on an average daily trading volume, of 491,900 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research analysts have recently commented on SGHC shares. Benchmark reissued a “buy” rating and issued a $5.00 target price on shares of Super Group in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $6.00 price objective on shares of Super Group in a research note on Friday, August 9th.

Super Group Stock Up 1.7 %

SGHC traded up $0.06 during midday trading on Friday, hitting $3.53. 1,091,100 shares of the company were exchanged, compared to its average volume of 434,560. The firm’s 50 day moving average price is $3.47 and its 200-day moving average price is $3.41. Super Group has a 1-year low of $2.63 and a 1-year high of $3.98. The firm has a market capitalization of $1.76 billion, a P/E ratio of 29.42 and a beta of 0.70.

Super Group (NYSE:SGHC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Super Group had a net margin of 2.42% and a return on equity of 12.17%. The firm had revenue of $446.44 million for the quarter, compared to the consensus estimate of $436.89 million. On average, sell-side analysts predict that Super Group will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Algert Global LLC grew its stake in shares of Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after buying an additional 6,711 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Super Group by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 54,572 shares of the company’s stock valued at $176,000 after acquiring an additional 5,005 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Super Group during the second quarter worth approximately $77,000. Gabelli Funds LLC raised its position in shares of Super Group by 80.0% during the second quarter. Gabelli Funds LLC now owns 72,000 shares of the company’s stock worth $233,000 after purchasing an additional 32,000 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of Super Group by 49.1% in the 2nd quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock worth $118,000 after purchasing an additional 12,037 shares in the last quarter. 5.09% of the stock is currently owned by institutional investors.

Super Group Company Profile

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.