Short Interest in Super Group Limited (NYSE:SGHC) Increases By 22.8%

Super Group Limited (NYSE:SGHC) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,100,000 shares, an increase of 22.8% from the February 28th total of 1,710,000 shares. Based on an average daily volume of 788,500 shares, the short-interest ratio is presently 2.7 days. Currently, 1.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research firms recently commented on SGHC. Needham & Company LLC upped their price objective on Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Super Group in a research note on Monday, January 27th. Oppenheimer lifted their price objective on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. BTIG Research assumed coverage on shares of Super Group in a research report on Friday. They set a “buy” rating and a $9.00 target price for the company. Finally, Canaccord Genuity Group boosted their price target on shares of Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Super Group currently has an average rating of “Buy” and a consensus price target of $10.20.

Super Group Price Performance

SGHC stock traded up $0.14 during mid-day trading on Tuesday, reaching $6.58. 714,862 shares of the company traded hands, compared to its average volume of 577,602. Super Group has a 52-week low of $2.90 and a 52-week high of $8.51. The company has a market capitalization of $3.27 billion, a P/E ratio of 109.60 and a beta of 1.00. The company has a fifty day moving average price of $7.50 and a 200-day moving average price of $6.04.

Super Group Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a dividend of $0.04 per share. This represents a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group’s dividend payout ratio (DPR) is presently 266.67%.

Institutional Trading of Super Group

Several institutional investors and hedge funds have recently bought and sold shares of SGHC. Mackenzie Financial Corp bought a new position in shares of Super Group in the fourth quarter worth $352,000. Public Employees Retirement System of Ohio purchased a new position in Super Group during the fourth quarter worth about $327,000. Principal Street Partners LLC increased its stake in Super Group by 22.7% in the 4th quarter. Principal Street Partners LLC now owns 21,576 shares of the company’s stock worth $134,000 after acquiring an additional 3,993 shares during the last quarter. State of Wyoming raised its holdings in shares of Super Group by 62.2% in the 4th quarter. State of Wyoming now owns 71,255 shares of the company’s stock valued at $444,000 after acquiring an additional 27,335 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Super Group by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 42,200 shares of the company’s stock worth $263,000 after purchasing an additional 13,885 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other 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.