Short Interest in Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Rises By 80.7%

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 17,261 shares, a growth of 80.7% from the November 30th total of 9,551 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,043 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 37,043 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Jeronimo Martins SGPS Price Performance

OTCMKTS:JRONY traded up $0.28 during trading hours on Monday, reaching $47.53. 2,689 shares of the company traded hands, compared to its average volume of 10,851. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.58 and a quick ratio of 0.33. The firm’s 50-day moving average is $48.48 and its 200-day moving average is $49.34. The stock has a market cap of $14.96 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.77 and a beta of 0.91. Jeronimo Martins SGPS has a 1-year low of $37.01 and a 1-year high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Jeronimo Martins SGPS had a return on equity of 21.15% and a net margin of 1.83%.The business had revenue of $10.66 billion for the quarter, compared to the consensus estimate of $10.61 billion. Equities research analysts expect that Jeronimo Martins SGPS will post 2.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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