Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Shares Shorted: Short Interest Up 3,782.2% in October

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 3,494 shares, a growth of 3,782.2% from the October 15th total of 90 shares. Based on an average daily trading volume, of 28,749 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research downgraded Jeronimo Martins SGPS from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. Citigroup reaffirmed a “buy” rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Finally, Jefferies Financial Group raised Jeronimo Martins SGPS from a “hold” rating to a “buy” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Jeronimo Martins SGPS currently has a consensus rating of “Moderate Buy”.

Jeronimo Martins SGPS Stock Performance

JRONY stock traded down $0.41 during midday trading on Tuesday, hitting $43.54. The stock had a trading volume of 7,588 shares, compared to its average volume of 18,672. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 2.55 and a beta of 0.71. Jeronimo Martins SGPS has a 52 week low of $36.67 and a 52 week high of $52.97. The stock has a 50-day simple moving average of $40.85 and a 200 day simple moving average of $43.53. The company has a current ratio of 0.64, a quick ratio of 0.35 and a debt-to-equity ratio of 0.14.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, October 28th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Jeronimo Martins SGPS had a net margin of 1.55% and a return on equity of 19.74%. The business had revenue of $10.61 billion for the quarter, compared to analysts’ expectations of $10.66 billion. As a group, equities research analysts anticipate that Jeronimo Martins SGPS will post 2.42 earnings per share for the current year.

About Jeronimo Martins SGPS

Jeronimo Martins SGPS is a Portuguese international food retail group with roots dating to 1792, when Jerónimo Martins opened a grocery shop in Lisbon. Today, the company operates primarily in Portugal, Poland and Colombia. Its retail businesses include Biedronka, a grocery discount chain in Poland; Pingo Doce supermarkets and Recheio cash-and-carry stores in Portugal; and Ara discount grocery stores in Colombia. The group also operates Hebe, a health and beauty retailer in Poland, and has activities in food production and distribution.