Short Interest in Ahold NV (OTCMKTS:ADRNY) Decreases By 59.1%

Ahold NV (OTCMKTS:ADRNY) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 20,864 shares, a decline of 59.1% from the February 26th total of 51,070 shares. Based on an average trading volume of 149,276 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Ahold Stock Performance

ADRNY opened at €46.03 on Friday. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.61 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.42. Ahold has a 1-year low of €32.25 and a 1-year high of €49.82. The business has a 50 day moving average price of €44.73 and a two-hundred day moving average price of €42.19.

Ahold (OTCMKTS:ADRNY) last issued its quarterly earnings results on Wednesday, February 11th. The company reported €0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of €0.78 by €0.07. Ahold had a return on equity of 16.91% and a net margin of 2.45%.The company had revenue of €27.35 billion for the quarter, compared to analysts’ expectations of €27.51 billion. Research analysts predict that Ahold will post 2.84 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Zacks Research lowered Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Wall Street Zen lowered shares of Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.