Short Interest in Ahold NV (OTCMKTS:ADRNY) Decreases By 39.3%

Ahold NV (OTCMKTS:ADRNY) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 14,722 shares, a drop of 39.3% from the July 15th total of 24,252 shares. Based on an average trading volume of 216,078 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Ahold Stock Performance

Shares of OTCMKTS:ADRNY opened at €36.71 on Wednesday. The business has a 50-day moving average of €39.93 and a two-hundred day moving average of €43.62. The firm has a market capitalization of $32.33 billion, a PE ratio of 12.44, a P/E/G ratio of 1.82 and a beta of 0.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.46. Ahold has a 12 month low of €32.25 and a 12 month high of €50.02.

Ahold (OTCMKTS:ADRNY) last issued its earnings results on Wednesday, August 5th. The company reported €0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of €0.72 by €0.02. Ahold had a return on equity of 16.70% and a net margin of 2.45%. As a group, research analysts forecast that Ahold will post 3.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADRNY. The Goldman Sachs Group downgraded Ahold from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 1st. Royal Bank Of Canada upgraded Ahold to a “hold” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate 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.