Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,800 shares, a decline of 57.1% from the February 13th total of 4,200 shares. Based on an average daily volume of 46,800 shares, the days-to-cover ratio is presently 0.0 days.
Shoprite Stock Performance
Shares of Shoprite stock opened at $15.30 on Thursday. The stock’s 50-day moving average is $15.24 and its 200 day moving average is $16.29. Shoprite has a one year low of $11.98 and a one year high of $18.18.
Shoprite Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1039 per share. The ex-dividend date of this dividend is Friday, March 28th. Shoprite’s dividend payout ratio (DPR) 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.
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