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

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 3,494 shares, an increase of 3,782.2% from the October 15th total of 90 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 28,749 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JRONY. Zacks Research downgraded Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. Jefferies Financial Group raised Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a report on Monday, September 21st. 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.com, Jeronimo Martins SGPS currently has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

Shares of OTCMKTS:JRONY opened at $43.32 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.64 and a debt-to-equity ratio of 0.14. The company has a market cap of $13.63 billion, a P/E ratio of 17.08, a PEG ratio of 2.52 and a beta of 0.71. Jeronimo Martins SGPS has a 52 week low of $36.67 and a 52 week high of $52.97. The company has a 50-day moving average price of $40.88 and a 200 day moving average price of $43.51.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last announced its quarterly earnings results 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 analyst estimates of $10.66 billion. Jeronimo Martins SGPS had a return on equity of 19.74% and a net margin of 1.55%. Research analysts predict that Jeronimo Martins SGPS will post 2.42 earnings per share for the current year.

Jeronimo Martins SGPS Company Profile

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.