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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 3,760 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 61,884 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JRONY. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, June 15th. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Jeronimo Martins SGPS Price Performance

OTCMKTS JRONY traded down $0.35 during trading hours on Wednesday, reaching $37.90. The company’s stock had a trading volume of 718 shares, compared to its average volume of 21,348. Jeronimo Martins SGPS has a 1 year low of $37.90 and a 1 year high of $54.50. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.34 and a beta of 0.79. The firm’s 50-day moving average price is $43.05 and its 200-day moving average price is $46.70.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. The company had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.40 billion. On average, equities research analysts predict that Jeronimo Martins SGPS will post 2.91 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.