Ahold NV (OTCMKTS:ADRNY) Short Interest Down 39.3% in July

Ahold NV (OTCMKTS:ADRNY) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,722 shares, a decline of 39.3% from the July 15th total of 24,252 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 216,078 shares, the days-to-cover ratio is currently 0.1 days.

Ahold Price Performance

Shares of OTCMKTS ADRNY opened at €36.51 on Tuesday. The company has a 50 day simple moving average of €40.02 and a 200 day simple moving average of €43.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.46. Ahold has a 1 year low of €32.25 and a 1 year high of €50.02. The firm has a market cap of $32.15 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.82 and a beta of 0.44.

Ahold (OTCMKTS:ADRNY) last posted its earnings results on Wednesday, August 5th. The company reported €0.74 earnings per share for the quarter, topping analysts’ consensus estimates of €0.72 by €0.02. Ahold had a net margin of 2.45% and a return on equity of 16.70%. On average, research analysts forecast that Ahold will post 3.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADRNY. The Goldman Sachs Group cut Ahold from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 1st. Royal Bank Of Canada upgraded Ahold to a “hold” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Ahold Company Profile

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.