Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Down 98.4% in August

Key Points

• Jeronimo Martins SGPS SA experienced a drastic 98.4% decline in short interest in August, falling from 24,700 shares to just 400 shares as of August 15th.
• The company's most recent earnings report showed earnings per share of $0.70, exceeding analysts’ expectations of $0.62.
• Analysts currently have a consensus rating of "Buy" for Jeronimo Martins shares, with Citigroup upgrading it to a "strong-buy" rating.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 400 shares, adeclineof98.4% from the July 31st total of 24,700 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 0.0 days.

Jeronimo Martins SGPS Price Performance

Jeronimo Martins SGPS stock traded down $0.22 during trading hours on Tuesday, hitting $49.45. The stock had a trading volume of 2,438 shares, compared to its average volume of 11,026. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.60 and a quick ratio of 0.33. The stock has a market capitalization of $15.56 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.48 and a beta of 0.89. Jeronimo Martins SGPS has a 1-year low of $34.97 and a 1-year high of $54.50. The stock's fifty day moving average is $50.36 and its two-hundred day moving average is $47.80.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $10.30 billion. Jeronimo Martins SGPS had a return on equity of 20.75% and a net margin of 1.78%. As a group, analysts predict that Jeronimo Martins SGPS will post 2.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JRONY shares. Citigroup raised Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. BNP Paribas raised Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Jeronimo Martins SGPS currently has a consensus rating of "Buy".

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.

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