Short Interest in Ahold NV (OTCMKTS:ADRNY) Decreases By 36.0%

Ahold NV (OTCMKTS:ADRNY) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,970 shares, a decrease of 36.0% from the May 31st total of 3,077 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 301,505 shares, the days-to-cover ratio is presently 0.0 days.

Ahold Price Performance

Shares of ADRNY stock opened at €40.12 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.46. The company has a market capitalization of $35.59 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.98 and a beta of 0.44. The firm’s 50-day moving average is €42.82 and its two-hundred day moving average is €43.69. Ahold has a 12 month low of €32.25 and a 12 month high of €50.02.

Ahold (OTCMKTS:ADRNY) last posted its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share for the quarter, beating the consensus estimate of €0.70 by €0.03. The business had revenue of €26.07 billion during the quarter, compared to analysts’ expectations of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. Analysts predict that Ahold will post 3.17 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ADRNY. Wall Street Zen cut Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. The Goldman Sachs Group cut shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Finally, Zacks Research lowered Ahold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to 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.