Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Down 76.3% in April

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the recipient of a large 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,815 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Jeronimo Martins SGPS Stock Performance

JRONY remained flat at $42.47 on Wednesday. 32,706 shares of the company’s stock traded hands, compared to its average volume of 16,704. Jeronimo Martins SGPS has a 52 week low of $42.11 and a 52 week high of $54.50. The company has a market capitalization of $13.36 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.48 and a beta of 0.84. The firm’s fifty day simple moving average is $48.28 and its 200-day simple moving average is $48.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.58.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued 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 analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 21.29%. On average, equities analysts predict that Jeronimo Martins SGPS will post 2.91 EPS for the current 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.