Sendas Distribuidora S.A. (NYSE:ASAI – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 3,240,000 shares, an increase of 6.6% from the July 15th total of 3,040,000 shares. Based on an average daily volume of 278,900 shares, the days-to-cover ratio is currently 11.6 days.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. upped their target price on shares of Sendas Distribuidora from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd.
View Our Latest Report on Sendas Distribuidora
Institutional Investors Weigh In On Sendas Distribuidora
Sendas Distribuidora Stock Performance
ASAI traded up $0.60 on Monday, hitting $9.89. 589,621 shares of the company’s stock were exchanged, compared to its average volume of 311,265. The firm has a market cap of $2.67 billion, a PE ratio of 18.66, a P/E/G ratio of 0.39 and a beta of 1.05. Sendas Distribuidora has a twelve month low of $8.36 and a twelve month high of $15.25. The stock has a fifty day moving average of $9.72 and a two-hundred day moving average of $12.21. The company has a current ratio of 0.77, a quick ratio of 0.39 and a debt-to-equity ratio of 4.10.
Sendas Distribuidora Company Profile
Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.
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