Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Shares Shorted: Short Interest Down 40.2% in September

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 24,991 shares, a decline of 40.2% from the August 31st total of 41,780 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 40,207 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

JRONY has been the subject of several research analyst reports. Jefferies Financial Group upgraded Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research report on Monday, September 21st. Royal Bank Of Canada started coverage on Jeronimo Martins SGPS in a research report on Monday, July 6th. They issued a “moderate buy” rating for the company. Barclays reaffirmed an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Zacks Research raised Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Kepler Capital Markets raised Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Jeronimo Martins SGPS has an average rating of “Buy”.

Jeronimo Martins SGPS Stock Performance

Shares of OTCMKTS:JRONY opened at $40.91 on Wednesday. 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 business has a 50 day moving average of $40.75 and a 200-day moving average of $42.72. Jeronimo Martins SGPS has a 12-month low of $36.67 and a 12-month high of $52.97. The stock has a market cap of $12.87 billion, a PE ratio of 17.41, a P/E/G ratio of 1.65 and a beta of 0.79.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.12. The firm had revenue of $10.67 billion during the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Jeronimo Martins SGPS will post 2.69 earnings per share for the current year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.