Short Interest in Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Increases By 723.3%

Key Points

• Jeronimo Martins SGPS SA saw a significant increase in short interest, rising by 723.3% from 3,000 shares to 24,700 shares as of July 31st.
• The company's earnings report revealed an EPS of $0.70, surpassing analysts' expectations of $0.62 and indicating a net margin of 1.78%.
• Jeronimo Martins recently paid a dividend of $0.8932, with a yield of 183.0% and a payout ratio of 37.09%.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 24,700 shares, anincreaseof723.3% from the July 15th total of 3,000 shares. Based on an average trading volume of 16,400 shares, the short-interest ratio is currently 1.5 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average trading volume of 16,400 shares, the short-interest ratio is currently 1.5 days.

Analysts Set New Price Targets

A number of research firms have commented on JRONY. BNP Paribas upgraded Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup upgraded Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Jeronimo Martins SGPS has an average rating of "Buy".

Jeronimo Martins SGPS Price Performance

Shares of OTCMKTS JRONY traded up $0.45 during mid-day trading on Tuesday, hitting $49.22. 5,452 shares of the stock traded hands, compared to its average volume of 6,252. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.60 and a quick ratio of 0.33. Jeronimo Martins SGPS has a twelve month low of $34.97 and a twelve month high of $54.4975. The company has a market cap of $15.49 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86. The firm has a 50 day simple moving average of $50.33 and a two-hundred day simple moving average of $47.20.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last released its quarterly earnings data 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. Jeronimo Martins SGPS had a return on equity of 20.75% and a net margin of 1.78%.The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $10.30 billion. As a group, equities research analysts forecast that Jeronimo Martins SGPS will post 2.13 EPS for the current fiscal year.

Jeronimo Martins SGPS Company Profile

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.