Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Shares Shorted: Short Interest Up 3,782.2% in October

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 3,494 shares, a growth of 3,782.2% from the October 15th total of 90 shares. Based on an average daily volume of 28,749 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Jeronimo Martins SGPS Trading Down 0.9%

Shares of JRONY stock traded down $0.41 on Tuesday, hitting $43.54. The stock had a trading volume of 7,588 shares, compared to its average volume of 18,672. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14. Jeronimo Martins SGPS has a twelve month low of $36.67 and a twelve month high of $52.97. The company has a fifty day moving average price of $40.85 and a two-hundred day moving average price of $43.53. The firm has a market cap of $13.70 billion, a P/E ratio of 17.24, a PEG ratio of 2.55 and a beta of 0.71.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05. The business had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.66 billion. Jeronimo Martins SGPS had a return on equity of 19.74% and a net margin of 1.55%. As a group, analysts forecast that Jeronimo Martins SGPS will post 2.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. Zacks Research cut shares of Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS is a Portuguese international food retail group with roots dating to 1792, when Jerónimo Martins opened a grocery shop in Lisbon. Today, the company operates primarily in Portugal, Poland and Colombia. Its retail businesses include Biedronka, a grocery discount chain in Poland; Pingo Doce supermarkets and Recheio cash-and-carry stores in Portugal; and Ara discount grocery stores in Colombia. The group also operates Hebe, a health and beauty retailer in Poland, and has activities in food production and distribution.