Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Up 67.3% in August

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 24,748 shares, an increase of 67.3% from the July 30th total of 14,792 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 43,255 shares, the short-interest ratio is presently 0.6 days.

Jeronimo Martins SGPS Stock Down 0.1%

Jeronimo Martins SGPS stock traded down $0.03 during midday trading on Tuesday, reaching $41.79. The stock had a trading volume of 27,283 shares, compared to its average volume of 23,822. The firm’s fifty day simple moving average is $39.36 and its 200-day simple moving average is $44.07. Jeronimo Martins SGPS has a 1-year low of $36.67 and a 1-year high of $52.97. The stock has a market capitalization of $13.15 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. The firm had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. As a group, analysts expect that Jeronimo Martins SGPS will post 2.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JRONY has been the subject of several research analyst reports. Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada initiated coverage on Jeronimo Martins SGPS in a report on Monday, July 6th. They issued a “moderate buy” rating for the company. Citigroup reiterated a “buy” rating on shares of Jeronimo Martins SGPS in a report on Monday, August 10th. Zacks Research lowered Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Barclays reissued an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.