Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Sees Significant Growth in Short Interest

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 17,261 shares, a growth of 80.7% from the November 30th total of 9,551 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 37,043 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 37,043 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Down 0.2%

Shares of OTCMKTS JRONY opened at $47.25 on Friday. Jeronimo Martins SGPS has a 1 year low of $37.01 and a 1 year high of $54.50. The firm’s 50-day moving average is $48.48 and its 200-day moving average is $49.34. The company has a current ratio of 0.58, a quick ratio of 0.33 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $14.87 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Jeronimo Martins SGPS had a net margin of 1.83% and a return on equity of 21.15%. The business had revenue of $10.66 billion during the quarter, compared to the consensus estimate of $10.61 billion. Equities analysts expect that Jeronimo Martins SGPS will post 2.13 EPS for the current year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.