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

Key Points

• Short interest fell 40.2% to 24,991 shares as of September 15, down from 41,780 shares at the end of August. Short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.6.
• Jeronimo Martins shares opened at $40.91, within a 12-month range of $36.67 to $52.97, while the company reported quarterly EPS of $0.72—beating estimates by $0.12—on revenue of $10.67 billion.
• Analyst sentiment was broadly positive: the stock carried an average “Buy” rating, with Jefferies upgrading it to Buy and several firms maintaining Buy or Overweight recommendations.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 24,991 shares, a drop of 40.2% from the August 31st total of 41,780 shares. Based on an average trading volume of 40,207 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company's shares are sold short.

Jeronimo Martins SGPS Price Performance

OTCMKTS JRONY opened at $40.91 on Wednesday. Jeronimo Martins SGPS has a 12 month low of $36.67 and a 12 month high of $52.97. The firm has a market capitalization of $12.87 billion, a PE ratio of 17.41, a P/E/G ratio of 1.65 and a beta of 0.79. The company's 50 day simple moving average is $40.75 and its 200 day simple moving average is $42.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.35.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.12. The business had revenue of $10.67 billion during the quarter, compared to analysts' expectations of $10.74 billion. Jeronimo Martins SGPS had a return on equity of 20.03% and a net margin of 1.73%. As a group, equities research analysts forecast that Jeronimo Martins SGPS will post 2.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on JRONY shares. Zacks Research raised Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 1st. Royal Bank Of Canada initiated coverage on shares of Jeronimo Martins SGPS in a report on Monday, July 6th. They set a "moderate buy" rating for the company. Barclays reiterated an "overweight" rating on shares of Jeronimo Martins SGPS in a research note on Friday, July 3rd. Citigroup restated a "buy" rating on shares of Jeronimo Martins SGPS in a research note on Monday, August 10th. Finally, Jefferies Financial Group upgraded Jeronimo Martins SGPS from a "hold" rating to a "buy" rating in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Jeronimo Martins SGPS Company Profile

Jeronimo Martins, SGPS, SA is a Portugal-based international food retail and distribution group. Founded in 1792, the company operates primarily through grocery retail, cash-and-carry distribution, and specialized retail businesses serving consumers and professional customers.

Its principal retail brand in Portugal is Pingo Doce, a supermarket chain offering food, beverages, household products, and related services. The group also operates Recheio, a cash-and-carry business that supplies restaurants, hotels, and other professional customers.

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