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 during the month of March. As of March 13th, there was short interest totaling 22,675 shares, a growth of 98.0% from the February 26th total of 11,453 shares. Based on an average daily trading volume, of 25,965 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s stock are sold short.

Jeronimo Martins SGPS Stock Down 3.1%

OTCMKTS:JRONY traded down $1.47 on Friday, hitting $46.39. 22,647 shares of the company’s stock were exchanged, compared to its average volume of 17,390. The firm has a 50-day moving average price of $49.22 and a 200-day moving average price of $48.81. Jeronimo Martins SGPS has a 52 week low of $41.90 and a 52 week high of $54.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33. The company has a market cap of $14.60 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.90.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its earnings results on Wednesday, March 18th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.16). The company had revenue of $11.01 billion during the quarter, compared to analyst estimates of $11.02 billion. Jeronimo Martins SGPS had a net margin of 1.80% and a return on equity of 21.47%. As a group, analysts expect that Jeronimo Martins SGPS will post 2.13 EPS 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.