Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Sees Large Growth in Short Interest

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the target of a significant increase in short interest in 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 trading volume of 61,884 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Jeronimo Martins SGPS Stock Down 3.7%

OTCMKTS JRONY traded down $1.47 during trading hours on Tuesday, reaching $38.24. 29,121 shares of the company traded hands, compared to its average volume of 21,473. Jeronimo Martins SGPS has a 12 month low of $38.04 and a 12 month high of $54.50. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $12.03 billion, a PE ratio of 16.20, a PEG ratio of 1.33 and a beta of 0.79. The company has a 50 day moving average of $43.29 and a two-hundred day moving average of $46.76.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its earnings results on Wednesday, May 6th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.04). The company had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.40 billion. Jeronimo Martins SGPS had a return on equity of 20.82% and a net margin of 1.75%. As a group, equities analysts expect that Jeronimo Martins SGPS will post 2.91 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, June 15th. Zacks Research upgraded Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Jeronimo Martins SGPS has an average rating of “Hold”.

Jeronimo Martins SGPS Company Profile

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.