Short Interest in Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Drops By 77.4%

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 3,908 shares, a decrease of 77.4% from the December 15th total of 17,261 shares. Based on an average daily trading volume, of 51,236 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 51,236 shares, the short-interest ratio is presently 0.1 days.

Jeronimo Martins SGPS Stock Down 0.1%

JRONY opened at $49.05 on Tuesday. Jeronimo Martins SGPS has a one year low of $37.01 and a one year high of $54.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.33 and a current ratio of 0.58. The stock has a market capitalization of $15.43 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91. The business’s 50-day simple moving average is $48.48 and its 200-day simple moving average is $49.29.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $10.66 billion for the quarter, compared to the consensus estimate of $10.61 billion. Jeronimo Martins SGPS had a return on equity of 21.15% and a net margin of 1.83%. Analysts anticipate that Jeronimo Martins SGPS will post 2.13 EPS for the current year.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Jeronimo Martins SGPS

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.