Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) Sees Significant Increase in Short Interest

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 13,400 shares, an increase of 436.0% from the October 31st total of 2,500 shares. Based on an average trading volume of 80,600 shares, the days-to-cover ratio is presently 0.2 days.

Jerónimo Martins, SGPS Stock Performance

OTCMKTS JRONY opened at $38.64 on Thursday. The company has a market cap of $12.16 billion, a P/E ratio of 17.41, a P/E/G ratio of 10.22 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.30 and a current ratio of 0.55. The business’s 50 day moving average price is $38.16 and its 200-day moving average price is $39.27. Jerónimo Martins, SGPS has a fifty-two week low of $32.68 and a fifty-two week high of $51.83.

Jerónimo Martins, SGPS (OTCMKTS:JRONY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $9.31 billion during the quarter. Jerónimo Martins, SGPS had a net margin of 1.94% and a return on equity of 21.25%. Sell-side analysts predict that Jerónimo Martins, SGPS will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

Separately, BNP Paribas raised Jerónimo Martins, SGPS to a “strong sell” rating in a research report on Friday, October 18th.

About Jerónimo Martins, SGPS

Jerónimo Martins, SGPS, SA operates in the food distribution and specialized retail sectors in Portugal, Poland, and Colombia. The company operates through Portugal Retail; Portugal Cash & Carry; Poland Retail; Colombia Retail; and Others, Eliminations and Adjustments segments. It operates food stores under the Biedronka name; and a chain of health and beauty stores under the Hebe banner in Poland, as well as food stores under the Ara name in Colombia.