Super Group Limited (NYSE:SGHC) Short Interest Update

Super Group Limited (NYSE:SGHC - Get Free Report) was the target of 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 days-to-cover ratio is presently 2.7 days. Approximately 1.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Aquatic Capital Management LLC bought a new stake in Super Group in the fourth quarter worth about $30,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Super Group during the 4th quarter valued at $66,000. Xponance Inc. purchased a new stake in Super Group in the 4th quarter worth approximately $67,000. DGS Capital Management LLC acquired a new stake in shares of Super Group during the 4th quarter valued at about $73,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Super Group during the 4th quarter worth about $75,000. Institutional investors own 5.09% of the company's stock.

Analyst Ratings Changes

SGHC has been the topic of several recent analyst reports. Canaccord Genuity Group increased their price objective on shares of Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Benchmark restated a "buy" rating and issued a $10.00 price objective on shares of Super Group in a report on Monday, January 27th. Oppenheimer boosted their price target on shares of Super Group from $9.00 to $11.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Needham & Company LLC boosted their target price on shares of Super Group from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, BTIG Research began coverage on shares of Super Group in a report on Friday, March 28th. They issued a "buy" rating and a $9.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Super Group has an average rating of "Buy" and a consensus price target of $10.20.

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Super Group Price Performance

Shares of SGHC stock traded down $0.35 on Friday, hitting $5.99. 1,031,508 shares of the stock traded hands, compared to its average volume of 582,025. The company's fifty day moving average is $7.49 and its 200 day moving average is $6.05. Super Group has a 1-year low of $2.90 and a 1-year high of $8.51. The company has a market capitalization of $2.98 billion, a PE ratio of 99.77 and a beta of 1.00.

Super Group Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a $0.04 dividend. This represents a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 10th. Super Group's payout ratio is 266.67%.

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.