Short Interest in Super Group Limited (NYSE:SGHC) Expands By 27.2%

Super Group Limited (NYSE:SGHC) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,590,000 shares, a growth of 27.2% from the August 31st total of 1,250,000 shares. Based on an average trading volume of 491,900 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.1% of the company’s shares are sold short.

Super Group Price Performance

NYSE:SGHC traded up $0.10 during mid-day trading on Monday, reaching $3.63. The stock had a trading volume of 350,891 shares, compared to its average volume of 414,389. The stock has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $3.41. Super Group has a 12 month low of $2.63 and a 12 month high of $3.98. The stock has a market capitalization of $1.81 billion, a PE ratio of 30.25 and a beta of 0.70.

Super Group (NYSE:SGHC) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Super Group had a return on equity of 12.17% and a net margin of 2.42%. The company had revenue of $446.44 million for the quarter, compared to analyst estimates of $436.89 million. Equities analysts expect that Super Group will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SGHC shares. Needham & Company LLC reissued a “buy” rating and set a $6.00 price objective on shares of Super Group in a research report on Friday, August 9th. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Super Group in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Super Group

A number of institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new stake in shares of Super Group in the 1st quarter valued at $31,000. Bleakley Financial Group LLC bought a new position in shares of Super Group in the 1st quarter worth $47,000. Algert Global LLC grew its position in Super Group by 54.5% in the 2nd quarter. Algert Global LLC now owns 19,036 shares of the company’s stock valued at $61,000 after purchasing an additional 6,711 shares during the period. AQR Capital Management LLC bought a new position in shares of Super Group in the second quarter valued at $77,000. Finally, ProShare Advisors LLC grew its holdings in shares of Super Group by 49.1% during the second quarter. ProShare Advisors LLC now owns 36,556 shares of the company’s stock valued at $118,000 after buying an additional 12,037 shares during the last quarter. 5.09% of the stock is owned by institutional investors.

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.