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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 410 shares, a drop of 76.3% from the April 15th total of 1,730 shares. Based on an average daily trading volume, of 21,815 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Jeronimo Martins SGPS Price Performance

JRONY remained flat at $42.47 during trading hours on Wednesday. The company had a trading volume of 32,706 shares, compared to its average volume of 16,704. The business has a fifty day moving average of $48.28 and a 200-day moving average of $48.58. 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 stock has a market cap of $13.36 billion, a PE ratio of 18.00, a PEG ratio of 1.48 and a beta of 0.84. Jeronimo Martins SGPS has a 12-month low of $42.11 and a 12-month high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, May 6th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The business had revenue of $10.42 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 21.29%. Analysts expect that Jeronimo Martins SGPS will post 2.91 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research cut Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.