Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 15,700 shares, an increase of 44.0% from the September 15th total of 10,900 shares. Based on an average daily trading volume, of 5,900 shares, the short-interest ratio is currently 2.7 days.
Shoprite Trading Up 0.9 %
SRGHY traded up $0.16 on Friday, hitting $16.73. 5,116 shares of the stock were exchanged, compared to its average volume of 4,393. Shoprite has a 12 month low of $11.73 and a 12 month high of $18.16. The business has a 50-day moving average of $16.96 and a two-hundred day moving average of $15.25.
Shoprite Increases Dividend
The firm also recently declared a dividend, which was paid on Thursday, October 10th. Stockholders of record on Monday, September 30th were paid a $0.1787 dividend. This is a positive change from Shoprite’s previous dividend of $0.10. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 1.61%. Shoprite’s dividend payout ratio (DPR) 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.
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