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

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) was the target of a significant drop in short interest during the month of 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 short-interest ratio is currently 0.1 days.

Jerónimo Martins, SGPS Trading Up 0.3 %

Shares of JRONY stock traded up $0.10 during trading hours on Tuesday, reaching $40.10. The company’s stock had a trading volume of 46,893 shares, compared to its average volume of 17,826. The firm’s fifty day simple moving average is $37.85 and its 200 day simple moving average is $39.59. Jerónimo Martins, SGPS has a one year low of $32.68 and a one year high of $51.83. The stock has a market capitalization of $12.62 billion, a P/E ratio of 18.02, a P/E/G ratio of 10.98 and a beta of 0.65. The company has a current ratio of 0.55, a quick ratio of 0.30 and a debt-to-equity ratio of 0.11.

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

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised shares of Jerónimo Martins, SGPS to a “strong sell” rating in a research note 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.