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

Super Group Limited (NYSE:SGHC - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,100,000 shares, a growth of 22.8% from the February 28th total of 1,710,000 shares. Approximately 1.4% of the company's stock are short sold. Based on an average daily volume of 788,500 shares, the days-to-cover ratio is currently 2.7 days.

Analysts Set New Price Targets

A number of research firms have commented on SGHC. Benchmark reiterated a "buy" rating and issued a $10.00 price target on shares of Super Group in a research note on Monday, January 27th. BTIG Research assumed coverage on shares of Super Group in a report on Friday, March 28th. They issued a "buy" rating and a $9.00 price target for the company. Needham & Company LLC upped their target price on Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Finally, Oppenheimer increased their price objective on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $10.20.

Super Group Stock Performance

NYSE SGHC traded down $0.35 during trading hours on Friday, hitting $5.99. The company had a trading volume of 1,031,508 shares, compared to its average volume of 584,859. Super Group has a 1-year low of $2.90 and a 1-year high of $8.51. The company has a market cap of $2.98 billion, a PE ratio of 99.77 and a beta of 1.05. The business has a 50 day moving average of $7.45 and a 200-day moving average of $6.08.

Super Group Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.04 dividend. This represents a yield of 3.6%. The ex-dividend date was Monday, March 10th. Super Group's payout ratio is currently 66.67%.

Institutional Investors Weigh In On Super Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new stake in Super Group in the 3rd quarter valued at about $66,000. Walleye Capital LLC purchased a new position in Super Group in the 3rd quarter worth approximately $54,000. HighTower Advisors LLC grew its position in Super Group by 22.7% in the third quarter. HighTower Advisors LLC now owns 21,576 shares of the company's stock valued at $78,000 after acquiring an additional 3,993 shares in the last quarter. State Street Corp lifted its position in shares of Super Group by 8.5% during the third quarter. State Street Corp now owns 2,490,833 shares of the company's stock worth $9,042,000 after purchasing an additional 194,460 shares in the last quarter. Finally, Barclays PLC increased its stake in Super Group by 141.1% during the 3rd quarter. Barclays PLC now owns 269,435 shares of the company's stock worth $978,000 after buying an additional 157,693 shares during the period. Hedge funds and other institutional investors own 5.09% of the company's stock.

About Super Group

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.