Koninklijke Ahold Delhaize (OTCMKTS:AHODF) Sees Large Decline in Short Interest

Koninklijke Ahold Delhaize (OTCMKTS:AHODFGet Rating) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 1,111,700 shares, a decline of 15.3% from the April 15th total of 1,313,100 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 505.3 days.

OTCMKTS AHODF opened at 27.92 on Wednesday. Koninklijke Ahold Delhaize has a fifty-two week low of 27.41 and a fifty-two week high of 35.55.

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Koninklijke Ahold Delhaize from €28.20 ($29.38) to €28.00 ($29.17) and set an “equal weight” rating for the company in a research report on Wednesday, April 20th. Barclays increased their price objective on shares of Koninklijke Ahold Delhaize from €30.00 ($31.25) to €31.00 ($32.29) in a report on Monday, April 11th.

About Koninklijke Ahold Delhaize (Get Rating)

Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce primarily in the United States and Europe. Its store formats include supermarkets, convenience stores, drugstores, and hypermarkets. It also subleases its stores to franchisees. As of January 2, 2022, it operated 7,452 stores primarily under local brands serving approximately 55 million customers, as well as online.

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