Jeronimo Martins SGPS SA (OTCMKTS:JRONY) Short Interest Down 26.2% in March

Jeronimo Martins SGPS SA (OTCMKTS:JRONY) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 16,734 shares, a decline of 26.2% from the March 15th total of 22,675 shares. Based on an average daily trading volume, of 48,022 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Jeronimo Martins SGPS Stock Performance

Jeronimo Martins SGPS stock opened at $49.63 on Thursday. The stock has a 50-day simple moving average of $49.35 and a 200 day simple moving average of $48.67. The company has a quick ratio of 0.33, a current ratio of 0.58 and a debt-to-equity ratio of 0.13. Jeronimo Martins SGPS has a 12-month low of $45.66 and a 12-month high of $54.50. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.67 and a beta of 0.90.

Jeronimo Martins SGPS (OTCMKTS:JRONY) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.16). Jeronimo Martins SGPS had a net margin of 1.80% and a return on equity of 21.47%. The business had revenue of $11.01 billion during the quarter, compared to the consensus estimate of $11.02 billion. On average, research analysts anticipate that Jeronimo Martins SGPS will post 2.13 earnings per share for the current fiscal year.

Jeronimo Martins SGPS Company Profile

Jeronimo Martins SGPS is a Portugal-based corporate group engaged primarily in food distribution and retail. Through its flagship Pingo Doce banner in Portugal, the company operates a network of full-service supermarkets and convenience outlets offering fresh produce, grocery items, and private-label products. In addition, its cash-and-carry arm, Recheio, supplies wholesale and hospitality professionals with a broad range of food and non-food goods.

Beyond its home market, Jeronimo Martins has established a significant presence in Poland under the discount supermarket brand Biedronka.