Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Down 98.4% in August

by · The Cerbat Gem

Jeronimo Martins SGPS SA (OTCMKTS:JRONY – Get Free Report) was the target of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 400 shares, adecreaseof98.4% from the July 31st total of 24,700 shares. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup upgraded Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. BNP Paribas upgraded Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

View Our Latest Analysis on JRONY

Jeronimo Martins SGPS Stock Down 0.4%

Shares of JRONY stock traded down $0.22 during trading hours on Tuesday, reaching $49.45. The company had a trading volume of 2,438 shares, compared to its average volume of 11,026. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.33 and a current ratio of 0.60. Jeronimo Martins SGPS has a twelve month low of $34.97 and a twelve month high of $54.50. The company has a market capitalization of $15.56 billion, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89. The stock’s fifty day simple moving average is $50.36 and its 200 day simple moving average is $47.80.

Jeronimo Martins SGPS (OTCMKTS:JRONY – Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. Jeronimo Martins SGPS had a return on equity of 20.75% and a net margin of 1.78%.The business had revenue of $10.23 billion during the quarter, compared to analyst estimates of $10.30 billion. As a group, sell-side analysts expect that Jeronimo Martins SGPS will post 2.13 earnings per share for the current fiscal year.

Jeronimo Martins SGPS Company Profile

(Get Free Report)

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates food stores under the Biedronka name; and a chain of health and beauty stores under the Hebe banner in Poland, as well as food stores under the Ara name in Colombia.

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