Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Up 299.6% in January

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 15,615 shares, an increase of 299.6% from the December 31st total of 3,908 shares. Based on an average trading volume of 39,922 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 39,922 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

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

Jeronimo Martins SGPS Stock Down 0.4%

Shares of OTCMKTS:JRONY traded down $0.22 during midday trading on Thursday, hitting $48.33. 9,381 shares of the company’s stock were exchanged, compared to its average volume of 21,760. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33. Jeronimo Martins SGPS has a 12 month low of $39.01 and a 12 month high of $54.50. The company has a market cap of $15.21 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.25 and a beta of 0.91. The stock has a 50 day moving average price of $47.84 and a 200-day moving average price of $48.90.

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, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $10.66 billion during 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%. On average, sell-side analysts anticipate that Jeronimo Martins SGPS will post 2.13 EPS for the current fiscal year.

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.