Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Stock Short Interest Report for October

Key Points

• Short interest plunged 99.8% in October, falling from 38,449 shares on September 30 to just 90 shares on October 15—effectively 0.0% of shares outstanding and a 0.0-day short-interest ratio.
• Jeronimo Martins shares traded at $40.28, down $0.81, with the stock below both its 50-day and 200-day moving averages. The company has a $12.68 billion market capitalization and a 52-week range of $36.67 to $52.97.
• Analyst sentiment is broadly positive, with a MarketBeat consensus rating of “Moderate Buy”; however, Zacks recently downgraded the stock to “Strong Sell.” The company also exceeded quarterly EPS expectations, reporting $0.72 versus a $0.60 consensus estimate.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 90 shares, a decrease of 99.8% from the September 30th total of 38,449 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 139,262 shares, the short-interest ratio is currently 0.0 days.

Jeronimo Martins SGPS Price Performance

JRONY traded down $0.81 on Monday, reaching $40.28. The company had a trading volume of 20,187 shares, compared to its average volume of 82,061. Jeronimo Martins SGPS has a 52-week low of $36.67 and a 52-week high of $52.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.35 and a current ratio of 0.64. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 1.89 and a beta of 0.77. The business has a 50 day simple moving average of $40.66 and a 200 day simple moving average of $43.88.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.12. The business had revenue of $10.67 billion during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Jeronimo Martins SGPS will post 2.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JRONY. Jefferies Financial Group raised Jeronimo Martins SGPS from a "hold" rating to a "buy" rating in a report on Monday, September 21st. Kepler Capital Markets upgraded Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 8th. Barclays reaffirmed an "overweight" rating on shares of Jeronimo Martins SGPS in a research report on Friday, July 3rd. Citigroup reaffirmed a "buy" rating on shares of Jeronimo Martins SGPS in a research report on Monday, August 10th. Finally, Zacks Research downgraded shares of Jeronimo Martins SGPS from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Jeronimo Martins SGPS Company Profile

Jerónimo Martins SGPS, SA is a Portugal-based food retail and distribution group with roots dating to 1792, when the original Jerónimo Martins grocery business was established in Lisbon. The company operates through retail, wholesale and food-service activities, serving consumers and business customers across Portugal, Poland and Colombia.

In Portugal, the group operates Pingo Doce supermarkets and Recheio cash-and-carry stores, which supply food retailers, restaurants and other professional customers.

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