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

Ahold NV (OTCMKTS:ADRNY) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,584 shares, a decline of 66.9% from the April 30th total of 10,820 shares. Based on an average daily volume of 229,989 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Ahold Stock Down 0.4%

Shares of OTCMKTS:ADRNY opened at €42.12 on Friday. Ahold has a 1 year low of €32.25 and a 1 year high of €50.02. The business has a 50 day simple moving average of €46.09 and a two-hundred day simple moving average of €43.74. The firm has a market capitalization of $37.36 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.05 and a beta of 0.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.42.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Zacks Research cut Ahold from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Wall Street Zen cut Ahold from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.