Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) Short Interest Update

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONYGet Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 400 shares, a decrease of 50.0% from the March 31st total of 800 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 0.1 days.

A number of equities analysts recently weighed in on the stock. Berenberg Bank upped their target price on shares of Jerónimo Martins, SGPS from €18.30 ($19.68) to €19.20 ($20.65) and gave the stock a “hold” rating in a research report on Tuesday, April 19th. Sanford C. Bernstein upgraded shares of Jerónimo Martins, SGPS from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 11th. Barclays increased their price objective on shares of Jerónimo Martins, SGPS from €16.50 ($17.74) to €18.00 ($19.35) in a research report on Wednesday, January 19th. Zacks Investment Research lowered shares of Jerónimo Martins, SGPS from a “hold” rating to a “sell” rating in a research report on Tuesday, March 8th. Finally, Morgan Stanley increased their price objective on shares of Jerónimo Martins, SGPS from €18.00 ($19.35) to €18.10 ($19.46) in a research report on Friday, March 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Jerónimo Martins, SGPS currently has a consensus rating of “Hold” and an average price target of $25.46.

Shares of JRONY opened at $44.00 on Friday. Jerónimo Martins, SGPS has a twelve month low of $35.80 and a twelve month high of $50.01. The company has a market cap of $13.84 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.96 and a beta of 0.69. The company’s fifty day simple moving average is $44.70 and its 200-day simple moving average is $45.63.

About Jerónimo Martins, SGPS (Get Rating)

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 3,250 food stores under the Biedronka name; and a chain of 290 health and beauty stores under the Hebe banner in Poland, as well as 819 food stores under the Ara name in Colombia.

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