Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Update

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,760 shares, an increase of ∞ from the May 31st total of 0 shares. Based on an average daily volume of 61,884 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research firms have recently commented on JRONY. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, June 15th. Zacks Research raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Jeronimo Martins SGPS Trading Up 1.2%

OTCMKTS JRONY traded up $0.45 during trading hours on Thursday, hitting $38.35. 17,018 shares of the company’s stock were exchanged, compared to its average volume of 21,353. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.30 and a beta of 0.79. The stock has a 50-day simple moving average of $42.81 and a 200 day simple moving average of $46.64. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15. Jeronimo Martins SGPS has a 1-year low of $37.78 and a 1-year high of $54.50.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.04). The business had revenue of $10.42 billion during the quarter, compared to analyst estimates of $10.40 billion. Jeronimo Martins SGPS had a net margin of 1.75% and a return on equity of 20.82%. On average, equities analysts forecast that Jeronimo Martins SGPS will post 2.91 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.