Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY) Sees Significant Drop in Short Interest

Key Points

• Short interest in Sendas Distribuidora S.A. decreased by 62.3% in August, dropping from 987,900 shares to 372,300 shares.
• Analysts have downgraded the stock from a "strong-buy" to a "hold" rating, leading to a consensus rating of "Hold."
• The stock is currently trading at $8.94, with a market capitalization of $2.42 billion and a P/E ratio of 15.41.

Sendas Distribuidora S.A. Sponsored ADR (OTCMKTS:ASAIY - Get Free Report) saw a significant decline in short interest in August. As of August 15th, there was short interest totaling 372,300 shares, adeclineof62.3% from the July 31st total of 987,900 shares. Based on an average trading volume of 40,900 shares, the short-interest ratio is currently 9.1 days. Based on an average trading volume of 40,900 shares, the short-interest ratio is currently 9.1 days.

Analyst Ratings Changes

ASAIY has been the subject of several recent research reports. Wall Street Zen downgraded shares of Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a research report on Sunday, August 24th. Zacks Research cut shares of Sendas Distribuidora from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold".

Sendas Distribuidora Stock Down 6.2%

Shares of Sendas Distribuidora stock traded down $0.62 on Monday, reaching $9.40. 19,302 shares of the company traded hands, compared to its average volume of 115,038. Sendas Distribuidora has a 52 week low of $4.06 and a 52 week high of $10.67. The company has a market capitalization of $2.54 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.55 and a beta of 0.87. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 4.41.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of April 22, 2021, the company operated 185 stores under the Assaí banner, as well as 10 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.