Short Interest in Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Expands 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 target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 16,100 shares, a growth of 3,925.0% from the August 15th total of 400 shares. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 12,100 shares, the short-interest ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Jeronimo Martins SGPS from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

Jeronimo Martins SGPS Stock Performance

JRONY traded down $0.33 on Tuesday, hitting $50.51. 4,878 shares of the stock traded hands, compared to its average volume of 10,614. Jeronimo Martins SGPS has a 52 week low of $34.97 and a 52 week 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 firm has a market capitalization of $15.89 billion, a PE ratio of 23.71, a P/E/G ratio of 1.51 and a beta of 0.89. The business has a fifty day moving average price of $50.18 and a two-hundred day moving average price of $48.38.

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 analyst estimates of $10.30 billion. On average, research analysts predict that Jeronimo Martins SGPS will post 2.13 EPS for the current fiscal year.

About Jeronimo Martins SGPS

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.