Short Interest in Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Grows 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 target of a large growth in short interest in July. As of July 31st, there was short interest totaling 24,700 shares, agrowthof723.3% from the July 15th total of 3,000 shares. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is presently 1.5 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is presently 1.5 days.

Jeronimo Martins SGPS Price Performance

Shares of OTCMKTS JRONY traded down $0.32 during midday trading on Thursday, hitting $48.36. 2,984 shares of the company's stock were exchanged, compared to its average volume of 11,447. The company has a current ratio of 0.60, a quick ratio of 0.33 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $50.35 and its two-hundred day moving average price is $46.91. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.44 and a beta of 0.86. Jeronimo Martins SGPS has a 12-month low of $34.97 and a 12-month high of $54.50.

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

Jeronimo Martins SGPS Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were issued a $0.8932 dividend. This represents a dividend yield of 183.0%. The ex-dividend date was Monday, May 19th. Jeronimo Martins SGPS's dividend payout ratio is presently 37.09%.

Wall Street Analyst Weigh In

JRONY has been the subject of a number of recent analyst reports. Citigroup upgraded shares of Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. BNP Paribas raised Jeronimo Martins SGPS from a "strong sell" rating to a "hold" rating in a research note on Friday, May 9th.

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.

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