Ahold NV (OTCMKTS:ADRNY) Sees Significant Drop in Short Interest

Ahold NV (OTCMKTS:ADRNY) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 16,254 shares, a drop of 31.3% from the December 15th total of 23,674 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 73,709 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 73,709 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

ADRNY has been the topic of several recent research reports. UBS Group raised Ahold from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 16th. Zacks Research lowered shares of Ahold from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Jefferies Financial Group raised shares of Ahold from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. Finally, Kepler Capital Markets raised Ahold from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Ahold Price Performance

ADRNY stock opened at €39.33 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.42 and a current ratio of 0.70. The company’s fifty day moving average price is €40.68 and its 200-day moving average price is €40.75. Ahold has a one year low of €32.25 and a one year high of €43.26. The company has a market capitalization of $35.10 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.79 and a beta of 0.49.

Ahold (OTCMKTS:ADRNY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported €0.78 EPS for the quarter. Ahold had a return on equity of 16.23% and a net margin of 2.25%. On average, equities analysts anticipate that Ahold will post 2.84 EPS 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.