Ahold NV (OTCMKTS:ADRNY) Short Interest Up 40.4% in March

Ahold NV (OTCMKTS:ADRNY) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 29,286 shares, an increase of 40.4% from the March 15th total of 20,864 shares. Based on an average daily trading volume, of 133,189 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Ahold Stock Performance

OTCMKTS:ADRNY opened at €48.25 on Friday. The firm has a market cap of $42.80 billion, a P/E ratio of 17.05, a PEG ratio of 2.70 and a beta of 0.48. The company has a current ratio of 0.71, a quick ratio of 0.42 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is €47.34 and its 200-day simple moving average is €43.03. Ahold has a 12-month low of €32.25 and a 12-month high of €50.02.

Ahold (OTCMKTS:ADRNY) last released its earnings results on Wednesday, February 11th. The company reported €0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of €0.78 by €0.07. The business had revenue of €27.35 billion for the quarter, compared to analyst estimates of €27.51 billion. Ahold had a return on equity of 16.91% and a net margin of 2.45%. Equities analysts anticipate that Ahold will post 2.84 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on ADRNY. Zacks Research cut Ahold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Wall Street Zen cut Ahold from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Ahold has an average rating of “Buy”.

About Ahold

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.