Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Sees Significant Drop in Short Interest

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 90 shares, a decrease of 99.8% from the September 30th total of 38,449 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 139,262 shares, the short-interest ratio is currently 0.0 days.

Jeronimo Martins SGPS Stock Up 0.1%

JRONY opened at $40.30 on Wednesday. Jeronimo Martins SGPS has a fifty-two week low of $36.67 and a fifty-two week high of $52.97. The company has a fifty day moving average of $40.69 and a two-hundred day moving average of $43.83.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.12. The firm had revenue of $10.67 billion for the quarter, compared to analysts’ expectations of $10.74 billion. Sell-side analysts predict that Jeronimo Martins SGPS will post 2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

JRONY has been the subject of a number of research reports. Royal Bank Of Canada assumed coverage on shares of Jeronimo Martins SGPS in a research report on Monday, July 6th. They set a “moderate buy” rating for the company. Jefferies Financial Group raised Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research report on Monday, September 21st. Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Zacks Research cut Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. Finally, Citigroup restated a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Jeronimo Martins SGPS currently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Company Profile

Jerónimo Martins SGPS, SA is a Portugal-based food retail and distribution group with roots dating to 1792, when the original Jerónimo Martins grocery business was established in Lisbon. The company operates through retail, wholesale and food-service activities, serving consumers and business customers across Portugal, Poland and Colombia.

In Portugal, the group operates Pingo Doce supermarkets and Recheio cash-and-carry stores, which supply food retailers, restaurants and other professional customers.