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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 22,675 shares, an increase of 98.0% from the February 26th total of 11,453 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 25,965 shares, the days-to-cover ratio is presently 0.9 days.

Jeronimo Martins SGPS Stock Down 3.1%

Shares of JRONY stock traded down $1.47 during mid-day trading on Friday, reaching $46.39. 22,647 shares of the company’s stock traded hands, compared to its average volume of 17,390. The company’s 50-day moving average price is $49.22 and its 200-day moving average price is $48.81. The company has a market cap of $14.60 billion, a P/E ratio of 19.82, a P/E/G ratio of 1.55 and a beta of 0.90. The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13. Jeronimo Martins SGPS has a 12 month low of $41.90 and a 12 month high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.16). Jeronimo Martins SGPS had a return on equity of 21.47% and a net margin of 1.80%.The business had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $11.02 billion. On average, equities analysts expect that Jeronimo Martins SGPS will post 2.13 earnings per share for the current fiscal 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.