Sendas Distribuidora S.A. (NYSE:ASAI) Short Interest Update

Sendas Distribuidora S.A. (NYSE:ASAI) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 2,880,000 shares, a decrease of 11.1% from the July 31st total of 3,240,000 shares. Based on an average daily trading volume, of 317,800 shares, the short-interest ratio is presently 9.1 days.

Sendas Distribuidora Stock Performance

Shares of NYSE:ASAI traded up $0.41 during trading on Tuesday, hitting $8.79. The stock had a trading volume of 110,410 shares, compared to its average volume of 314,396. The company has a quick ratio of 0.45, a current ratio of 0.84 and a debt-to-equity ratio of 4.18. The stock has a 50-day simple moving average of $9.33 and a two-hundred day simple moving average of $11.84. Sendas Distribuidora has a 12-month low of $8.04 and a 12-month high of $15.25. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05.

Sendas Distribuidora (NYSE:ASAI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.60 billion. Sendas Distribuidora had a net margin of 0.95% and a return on equity of 14.49%. On average, equities research analysts expect that Sendas Distribuidora will post 0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sendas Distribuidora

Several institutional investors have recently made changes to their positions in ASAI. SageView Advisory Group LLC bought a new stake in Sendas Distribuidora in the 1st quarter valued at about $69,000. PNC Financial Services Group Inc. lifted its position in Sendas Distribuidora by 29.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,479 shares of the company’s stock valued at $103,000 after acquiring an additional 1,713 shares during the period. Privium Fund Management B.V. grew its stake in shares of Sendas Distribuidora by 26.3% in the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after acquiring an additional 2,900 shares during the period. Jump Financial LLC purchased a new position in Sendas Distribuidora during the fourth quarter valued at approximately $143,000. Finally, Bayesian Capital Management LP purchased a new stake in Sendas Distribuidora during the first quarter valued at $160,000. 8.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their target price on Sendas Distribuidora from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd.

About Sendas Distribuidora

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.