Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Up 76.5% in July

Key Points

• Jeronimo Martins SGPS SA experienced a 76.5% increase in short interest, rising from 1,700 shares on June 30th to 3,000 shares by July 15th.
• Analysts have recently upgraded the stock, with BNP Paribas changing its rating from "strong sell" to "hold," and Citigroup moving it from "hold" to "strong-buy."
• The company reported earnings of $0.70 per share for the quarter, exceeding expectations, though revenue slightly missed estimates at $10.23 billion.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,000 shares, anincreaseof76.5% from the June 30th total of 1,700 shares. Based on an average daily volume of 19,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 19,000 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BNP Paribas raised Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup raised shares of Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st.

Jeronimo Martins SGPS Stock Down 0.9%

JRONY stock traded down $0.46 during midday trading on Friday, reaching $48.67. 4,187 shares of the company were exchanged, compared to its average volume of 7,005. The stock's 50-day simple moving average is $50.42 and its 200 day simple moving average is $46.77. Jeronimo Martins SGPS has a 1-year low of $34.97 and a 1-year high of $54.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.33 and a current ratio of 0.60. The company has a market cap of $15.31 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.08. The business had revenue of $10.23 billion for the quarter, compared to analysts' expectations of $10.30 billion. Jeronimo Martins SGPS had a return on equity of 20.75% and a net margin of 1.78%. On average, equities analysts forecast that Jeronimo Martins SGPS will post 2.13 earnings per share for the current year.

Jeronimo Martins SGPS Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 20th were issued a dividend of $0.8932 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 183.0%. Jeronimo Martins SGPS's dividend payout ratio (DPR) is currently 37.09%.

About Jeronimo 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.