Ahold NV (OTCMKTS:ADRNY) Short Interest Update

Ahold NV (OTCMKTS:ADRNY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 28,229 shares, an increase of 1,332.9% from the June 15th total of 1,970 shares. Based on an average trading volume of 206,633 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group downgraded shares of Ahold from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 1st. Wall Street Zen cut Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Zacks Research downgraded Ahold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Royal Bank Of Canada raised Ahold to a “hold” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Ahold Price Performance

Shares of OTCMKTS:ADRNY traded up €0.10 on Friday, reaching €40.80. 886,399 shares of the company were exchanged, compared to its average volume of 116,449. The company has a 50-day moving average of €41.97 and a 200-day moving average of €43.71. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 0.36. The firm has a market cap of $36.19 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.95 and a beta of 0.44. Ahold has a 1-year low of €32.25 and a 1-year high of €50.02.

Ahold (OTCMKTS:ADRNY) last announced its quarterly earnings data on Wednesday, May 6th. The company reported €0.73 EPS for the quarter, beating the consensus estimate of €0.70 by €0.03. Ahold had a net margin of 2.48% and a return on equity of 16.97%. The firm had revenue of €26.07 billion during the quarter, compared to analysts’ expectations of €26.24 billion. Equities analysts forecast that Ahold will post 3.14 earnings per share for the current fiscal year.

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.