Sendas Distribuidora S.A. (NYSE:ASAI) Short Interest Up 51.3% in March

Sendas Distribuidora S.A. (NYSE:ASAIGet Rating) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 374,800 shares, a growth of 51.3% from the March 15th total of 247,700 shares. Based on an average daily trading volume, of 179,700 shares, the short-interest ratio is presently 2.1 days.

A number of hedge funds have recently made changes to their positions in the business. Eagle Bay Advisors LLC raised its position in shares of Sendas Distribuidora by 86.7% during the 3rd quarter. Eagle Bay Advisors LLC now owns 5,600 shares of the company’s stock valued at $98,000 after acquiring an additional 2,600 shares in the last quarter. Bank of America Corp DE grew its position in shares of Sendas Distribuidora by 13.2% during the 2nd quarter. Bank of America Corp DE now owns 10,144 shares of the company’s stock valued at $173,000 after buying an additional 1,182 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Sendas Distribuidora by 14.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,783 shares of the company’s stock worth $175,000 after purchasing an additional 1,898 shares during the period. Venturi Wealth Management LLC acquired a new stake in Sendas Distribuidora in the third quarter worth $215,000. Finally, Virtu Financial LLC bought a new stake in Sendas Distribuidora in the fourth quarter valued at $218,000. 5.22% of the stock is owned by institutional investors.

Shares of Sendas Distribuidora stock traded down $0.16 on Friday, hitting $17.41. 274,139 shares of the company’s stock traded hands, compared to its average volume of 222,469. Sendas Distribuidora has a 52-week low of $9.73 and a 52-week high of $18.55. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.51 and a current ratio of 1.01. The firm’s 50-day moving average is $14.41 and its 200 day moving average is $13.61.

Several equities research analysts recently issued reports on ASAI shares. Zacks Investment Research raised shares of Sendas Distribuidora from a “sell” rating to a “hold” rating in a research note on Thursday, February 24th. HSBC raised Sendas Distribuidora from a “hold” rating to a “buy” rating in a research report on Monday, January 24th.

Sendas Distribuidora Company Profile (Get Rating)

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.

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