Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Sees Large Decrease in Short Interest

Key Points

• Short interest fell 26.2% — short interest declined to 16,734 shares as of March 31 from 22,675 on March 15, representing about 0.0% of shares short and a short-interest ratio of just 0.3 days based on average volume.
• Shares traded at $49.67 with a market cap of $15.63 billion; the company missed quarterly EPS estimates ($0.61 vs. $0.77) while revenue was roughly in line, and sell-side analysts expect full-year EPS of 2.13.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 16,734 shares, a decline of 26.2% from the March 15th total of 22,675 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 48,022 shares, the short-interest ratio is presently 0.3 days.

Jeronimo Martins SGPS Price Performance

Shares of Jeronimo Martins SGPS stock traded down $0.21 on Wednesday, hitting $49.67. 3,621 shares of the company were exchanged, compared to its average volume of 16,615. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.67 and a beta of 0.90. The company has a 50-day moving average price of $49.33 and a 200 day moving average price of $48.66. Jeronimo Martins SGPS has a 1-year low of $45.66 and a 1-year high of $54.50. 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 - Get Free Report) last issued its earnings results on Wednesday, March 18th. The company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.16). The company had revenue of $11.01 billion for the quarter, compared to analyst estimates of $11.02 billion. Jeronimo Martins SGPS had a return on equity of 21.47% and a net margin of 1.80%. As a group, sell-side analysts predict that Jeronimo Martins SGPS will post 2.13 earnings per share 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.

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