Short Interest in Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Grows By 299.6%

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 15,615 shares, a growth of 299.6% from the December 31st total of 3,908 shares. Based on an average trading volume of 39,922 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 39,922 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised shares of Jeronimo Martins SGPS from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Jeronimo Martins SGPS Price Performance

OTCMKTS JRONY traded up $0.73 during mid-day trading on Wednesday, hitting $48.80. The stock had a trading volume of 112 shares, compared to its average volume of 23,294. Jeronimo Martins SGPS has a 52-week low of $39.01 and a 52-week high of $54.50. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.22 and a beta of 0.91. The company has a 50 day simple moving average of $47.87 and a 200 day simple moving average of $48.90. The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last posted its earnings results on Wednesday, October 29th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $10.66 billion for the quarter, compared to the consensus estimate of $10.61 billion. Jeronimo Martins SGPS had a return on equity of 21.15% and a net margin of 1.83%. Equities analysts forecast that Jeronimo Martins SGPS will post 2.13 EPS for the current fiscal year.

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.