Ahold NV (OTCMKTS:ADRNY) Short Interest Down 79.8% in April

Ahold NV (OTCMKTS:ADRNY) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 10,820 shares, a decrease of 79.8% from the April 15th total of 53,540 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 96,128 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of brokerages recently commented on ADRNY. Wall Street Zen cut shares of Ahold from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 23rd. Zacks Research cut shares of Ahold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Ahold Stock Performance

OTCMKTS ADRNY opened at €42.78 on Thursday. Ahold has a 1 year low of €32.25 and a 1 year high of €50.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.42. The stock has a market capitalization of $37.95 billion, a PE ratio of 14.60, a P/E/G ratio of 2.16 and a beta of 0.48. The company’s 50 day simple moving average is €47.29 and its two-hundred day simple moving average is €43.64.

Ahold (OTCMKTS:ADRNY) last posted its earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of €0.70 by €0.03. Ahold had a net margin of 2.48% and a return on equity of 17.29%. The business had revenue of €26.07 billion for the quarter, compared to analysts’ expectations of €26.24 billion. Analysts predict that Ahold will post 3.21 earnings per share for the current fiscal year.

Ahold Company Profile

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.