Super Group (SGHC) Limited (NYSE:SGHC) Short Interest Update

Key Points

• Super Group (SGHC) Limited experienced a 24.2% increase in short interest in August, reaching a total of 7,600,000 shares, indicating rising investor skepticism.
• Despite a missed earnings estimate of $0.13 EPS, the company's revenue of $579 million exceeded expectations of $503 million.
• Several analysts have recently issued ratings on SGHC, with two giving a Strong Buy and a consensus target price of $14.22, reflecting positive sentiment among experts.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 7,600,000 shares, a growth of 24.2% from the August 15th total of 6,120,000 shares. Based on an average trading volume of 1,990,000 shares, the short-interest ratio is currently 3.8 days. Currently, 5.0% of the shares of the company are short sold. Currently, 5.0% of the shares of the company are short sold. Based on an average trading volume of 1,990,000 shares, the short-interest ratio is currently 3.8 days.

Super Group (SGHC) Stock Performance

Shares of SGHC stock traded up $1.00 during trading hours on Monday, reaching $12.76. The company had a trading volume of 2,693,008 shares, compared to its average volume of 1,459,064. The stock's fifty day simple moving average is $11.63 and its 200 day simple moving average is $9.54. The company has a market capitalization of $6.43 billion, a P/E ratio of 48.98 and a beta of 1.09. Super Group has a twelve month low of $3.44 and a twelve month high of $13.71.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $579.00 million during the quarter, compared to analyst estimates of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. As a group, equities analysts expect that Super Group will post 0.29 earnings per share for the current year.

Super Group (SGHC) Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Thursday, September 18th will be given a $0.04 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.16 annualized dividend and a yield of 1.3%. Super Group (SGHC)'s dividend payout ratio (DPR) is currently 61.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP raised its holdings in Super Group (SGHC) by 364.3% during the first quarter. Quarry LP now owns 3,988 shares of the company's stock worth $26,000 after purchasing an additional 3,129 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Super Group (SGHC) by 132.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,453 shares of the company's stock valued at $27,000 after acquiring an additional 1,396 shares in the last quarter. GAMMA Investing LLC lifted its position in Super Group (SGHC) by 4,606.6% in the first quarter. GAMMA Investing LLC now owns 4,283 shares of the company's stock worth $28,000 after purchasing an additional 4,192 shares during the period. Pacer Advisors Inc. raised its position in Super Group (SGHC) by 56.6% in the first quarter. Pacer Advisors Inc. now owns 4,600 shares of the company's stock worth $30,000 after purchasing an additional 1,662 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Super Group (SGHC) by 95.9% during the first quarter. Signaturefd LLC now owns 5,439 shares of the company's stock worth $35,000 after purchasing an additional 2,662 shares during the period. 5.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on SGHC shares. Macquarie began coverage on Super Group (SGHC) in a report on Monday, September 15th. They issued an "outperform" rating and a $17.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price objective on shares of Super Group (SGHC) in a research report on Monday. BTIG Research restated a "buy" rating and set a $14.00 target price on shares of Super Group (SGHC) in a research report on Thursday. Wall Street Zen downgraded shares of Super Group (SGHC) from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Canaccord Genuity Group boosted their price objective on shares of Super Group (SGHC) from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, Super Group (SGHC) currently has a consensus rating of "Buy" and a consensus target price of $15.40.

Super Group (SGHC) 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.