Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONY) Short Interest Up 925.0% in April

Jerónimo Martins, SGPS, S.A. (OTCMKTS:JRONYGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 4,100 shares, a growth of 925.0% from the April 15th total of 400 shares. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is currently 0.3 days.

Shares of JRONY opened at $40.58 on Thursday. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 1.78 and a beta of 0.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 0.54. Jerónimo Martins, SGPS has a one year low of $36.60 and a one year high of $50.01. The stock’s fifty day moving average is $44.38 and its 200-day moving average is $45.50.

JRONY has been the topic of several research analyst reports. Exane BNP Paribas cut Jerónimo Martins, SGPS from a “neutral” rating to an “underperform” rating in a research note on Friday, April 22nd. Berenberg Bank increased their target price on Jerónimo Martins, SGPS from €18.30 ($19.26) to €19.20 ($20.21) and gave the stock a “hold” rating in a research report on Tuesday, April 19th. Morgan Stanley increased their target price on Jerónimo Martins, SGPS from €18.00 ($18.95) to €18.10 ($19.05) in a research report on Friday, March 11th. Zacks Investment Research lowered Jerónimo Martins, SGPS from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Finally, Barclays increased their target price on Jerónimo Martins, SGPS from €16.50 ($17.37) to €18.00 ($18.95) in a research report on Wednesday, January 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.46.

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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