Short Interest in Ahold NV (OTCMKTS:ADRNY) Decreases By 36.0%

Ahold NV (OTCMKTS:ADRNY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,970 shares, a decrease of 36.0% from the May 31st total of 3,077 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 301,505 shares, the short-interest ratio is currently 0.0 days.

Ahold Price Performance

Shares of OTCMKTS ADRNY opened at €40.12 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.77 and a quick ratio of 0.46. The stock has a market capitalization of $35.59 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.98 and a beta of 0.44. The firm’s 50 day simple moving average is €42.82 and its 200-day simple moving average is €43.69. Ahold has a 12 month low of €32.25 and a 12 month high of €50.02.

Ahold (OTCMKTS:ADRNY) last posted 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 net margin of 2.48% and a return on equity of 16.97%. The firm had revenue of €26.07 billion during the quarter, compared to analysts’ expectations of €26.24 billion. Analysts expect that Ahold will post 3.17 EPS for the current year.

Wall Street Analyst Weigh In

ADRNY has been the subject of several recent research reports. The Goldman Sachs Group cut shares of Ahold from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 1st. Zacks Research cut Ahold from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Wall Street Zen downgraded 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 three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate 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.