Super Group Limited (NYSE:SGHC) Short Interest Down 44.7% in September

Super Group Limited (NYSE:SGHC - Get Free Report) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 879,000 shares, a drop of 44.7% from the September 15th total of 1,590,000 shares. Based on an average daily trading volume, of 484,700 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.6% of the shares of the stock are short sold.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on SGHC. Benchmark restated a "buy" rating and set a $5.00 price objective on shares of Super Group in a research report on Thursday, August 8th. Needham & Company LLC restated a "buy" rating and issued a $6.00 price target on shares of Super Group in a research report on Friday, August 9th.

Check Out Our Latest Stock Report on Super Group

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SGHC. Acadian Asset Management LLC acquired a new position in shares of Super Group in the first quarter worth $31,000. Bleakley Financial Group LLC acquired a new position in Super Group in the 1st quarter worth about $47,000. Algert Global LLC raised its stake in shares of Super Group by 54.5% during the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company's stock worth $61,000 after purchasing an additional 6,711 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Super Group during the 3rd quarter valued at about $70,000. Finally, AQR Capital Management LLC bought a new stake in shares of Super Group in the 2nd quarter valued at approximately $77,000. Hedge funds and other institutional investors own 5.09% of the company's stock.

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Super Group Stock Performance

SGHC remained flat at $4.01 during trading on Friday. The company had a trading volume of 211,926 shares, compared to its average volume of 419,759. The company has a 50-day moving average of $3.48 and a 200-day moving average of $3.44. The firm has a market capitalization of $2.00 billion, a P/E ratio of 33.50 and a beta of 0.71. Super Group has a 1 year low of $2.63 and a 1 year high of $4.07.

Super Group (NYSE:SGHC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $436.89 million. Analysts anticipate that Super Group will post 0.25 earnings per share for the current fiscal year.

About Super Group

(Get Free Report)

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.

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