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

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 2,500 shares, a drop of 90.1% from the October 15th total of 25,200 shares. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is currently 0.1 days.

Jerónimo Martins, SGPS Price Performance

OTCMKTS JRONY traded up $0.10 during midday trading on Tuesday, hitting $40.10. The company had a trading volume of 46,893 shares, compared to its average volume of 17,826. Jerónimo Martins, SGPS has a twelve month low of $32.68 and a twelve month high of $51.83. The company has a current ratio of 0.55, a quick ratio of 0.30 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $37.85 and a 200-day moving average price of $39.59. The company has a market capitalization of $12.62 billion, a PE ratio of 18.02, a P/E/G ratio of 10.98 and a beta of 0.65.

Jerónimo Martins, SGPS (OTCMKTS:JRONY) last issued its quarterly earnings results 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 return on equity of 21.25% and a net margin of 1.94%. As a group, analysts anticipate that Jerónimo Martins, SGPS will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Jerónimo Martins, SGPS Company Profile

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.