Short Interest in Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Rises By 3,925.0%

Key Points

• Jeronimo Martins SGPS SA experienced a staggering 3,925.0% increase in short interest, rising from 400 shares to 16,100 shares as of August 31st.
• The company reported earnings of $0.70 EPS for the last quarter, exceeding analysts' estimates of $0.62, with a net margin of 1.78%.
• Citigroup upgraded Jeronimo Martins SGPS from a "hold" to a "strong-buy" rating, reflecting positive analyst sentiment towards the stock.

Jeronimo Martins SGPS SA (OTCMKTS:JRONY - Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 16,100 shares, an increase of 3,925.0% from the August 15th total of 400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 12,100 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 12,100 shares, the short-interest ratio is currently 1.3 days. Approximately 0.0% of the shares of the company are short sold.

Jeronimo Martins SGPS Trading Down 0.1%

Shares of OTCMKTS:JRONY traded down $0.04 during midday trading on Thursday, hitting $50.96. The company had a trading volume of 807 shares, compared to its average volume of 10,732. Jeronimo Martins SGPS has a 12 month low of $34.97 and a 12 month high of $54.50. 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 stock has a market cap of $16.03 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.51 and a beta of 0.89. The firm has a fifty day simple moving average of $50.37 and a 200 day simple moving average of $48.14.

Jeronimo Martins SGPS (OTCMKTS:JRONY - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.70 EPS for the quarter, topping 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 business had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $10.30 billion. On average, analysts predict that Jeronimo Martins SGPS will post 2.13 EPS for the current year.

Analyst Ratings Changes

Separately, Citigroup raised Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Jeronimo Martins SGPS presently has an average rating of "Buy".

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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