Short Interest in Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Rises By 67.3%

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 24,748 shares, a growth of 67.3% from the July 30th total of 14,792 shares. Based on an average daily trading volume, of 43,255 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Jeronimo Martins SGPS Stock Performance

Shares of OTCMKTS JRONY traded up $0.10 during trading hours on Monday, hitting $41.84. 23,301 shares of the company’s stock were exchanged, compared to its average volume of 23,724. The company’s 50-day moving average price is $39.31 and its 200-day moving average price is $44.12. Jeronimo Martins SGPS has a 1-year low of $36.67 and a 1-year high of $52.97. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.60 by $0.12. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%.The company had revenue of $10.67 billion for the quarter, compared to the consensus estimate of $10.74 billion. On average, sell-side analysts expect that Jeronimo Martins SGPS will post 2.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JRONY shares. Zacks Research lowered Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Citigroup reissued a “buy” rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Kepler Capital Markets upgraded shares of Jeronimo Martins SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Royal Bank Of Canada started coverage on shares of Jeronimo Martins SGPS in a report on Monday, July 6th. They set a “moderate buy” rating for the company. Finally, Barclays reiterated an “overweight” rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Jeronimo Martins SGPS presently has a consensus rating of “Moderate Buy”.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.