Super Group Limited (NYSE:SGHC) Short Interest Up 22.4% in May

Super Group Limited (NYSE:SGHC - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,950,000 shares, a growth of 22.4% from the April 30th total of 2,410,000 shares. Approximately 2.0% of the company's stock are sold short. Based on an average daily volume of 944,500 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Ratings Changes

Several equities analysts recently issued reports on SGHC shares. Craig Hallum set a $12.00 price objective on Super Group in a research report on Monday, May 19th. BTIG Research began coverage on shares of Super Group in a research report on Friday, March 28th. They issued a "buy" rating and a $9.00 price objective on the stock. Canaccord Genuity Group increased their target price on Super Group from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Needham & Company LLC boosted their price target on Super Group from $10.00 to $11.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Benchmark reiterated a "buy" rating and set a $12.00 price objective on shares of Super Group in a report on Wednesday, April 16th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Super Group presently has a consensus rating of "Buy" and a consensus price target of $11.50.

Hedge Funds Weigh In On Super Group

A number of institutional investors have recently bought and sold shares of SGHC. Rhumbline Advisers boosted its stake in shares of Super Group by 6.3% during the 1st quarter. Rhumbline Advisers now owns 206,407 shares of the company's stock worth $1,329,000 after acquiring an additional 12,261 shares during the period. Strs Ohio acquired a new position in shares of Super Group during the 1st quarter worth approximately $603,000. Acadian Asset Management LLC increased its holdings in shares of Super Group by 66.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,148,713 shares of the company's stock worth $7,379,000 after acquiring an additional 459,485 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Super Group during the 1st quarter worth approximately $1,523,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Super Group during the 1st quarter worth approximately $483,000. Institutional investors and hedge funds own 5.09% of the company's stock.

Super Group Trading Down 0.7%

Shares of Super Group stock traded down $0.06 on Thursday, reaching $8.69. 503,421 shares of the company were exchanged, compared to its average volume of 666,960. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 144.79 and a beta of 1.01. Super Group has a one year low of $2.91 and a one year high of $9.17. The company has a 50-day moving average of $7.89 and a 200 day moving average of $7.26.

Super Group (NYSE:SGHC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $495.96 million during the quarter, compared to analysts' expectations of $423.91 million. Super Group had a net margin of 2.25% and a return on equity of 15.40%. Analysts predict that Super Group will post 0.29 earnings per share for the current year.

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.