Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Update

Key Points

• Jeronimo Martins SGPS SA saw a significant 87% decrease in short interest for September, dropping from 16,100 shares on August 31 to just 2,100 shares.
• Citigroup upgraded the company from a "hold" to a "strong-buy" rating, boosting its consensus rating to "Buy" based on recent analyst evaluations.
• The company reported quarterly earnings of $0.70 per share, which exceeded analyst estimates, along with a revenue of $10.23 billion, slightly below expectations of $10.30 billion.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,100 shares, a decrease of 87.0% from the August 31st total of 16,100 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy".

Jeronimo Martins SGPS Stock Up 0.1%

Shares of OTCMKTS JRONY traded up $0.07 during mid-day trading on Tuesday, hitting $48.63. The company had a trading volume of 2,616 shares, compared to its average volume of 10,458. The firm has a 50-day simple moving average of $49.54 and a two-hundred day simple moving average of $48.77. Jeronimo Martins SGPS has a one year low of $34.97 and a one year high of $54.50. The company has a current ratio of 0.57, a quick ratio of 0.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $15.30 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.43 and a beta of 0.89.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.08. The firm 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 20.66% and a net margin of 1.78%. On average, equities analysts expect that Jeronimo Martins SGPS will post 2.13 EPS for the current year.

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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