Short Interest in Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) Grows By 185.9%

Koninklijke Ahold Delhaize (OTCMKTS:ADRNYGet Rating) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 26,300 shares, an increase of 185.9% from the April 30th total of 9,200 shares. Based on an average daily volume of 258,900 shares, the short-interest ratio is currently 0.1 days.

Several analysts recently weighed in on the company. Credit Suisse Group upped their price objective on Koninklijke Ahold Delhaize from €25.00 ($26.60) to €26.00 ($27.66) in a research report on Friday, February 18th. Jefferies Financial Group set a €30.00 ($31.91) target price on Koninklijke Ahold Delhaize in a research report on Monday, April 11th. Barclays set a €31.00 ($32.98) target price on Koninklijke Ahold Delhaize in a research report on Monday, April 11th. Sanford C. Bernstein set a €33.00 ($35.11) target price on Koninklijke Ahold Delhaize in a research report on Tuesday, April 19th. Finally, Zacks Investment Research downgraded Koninklijke Ahold Delhaize from a “hold” rating to a “sell” rating in a research report on Thursday, May 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Koninklijke Ahold Delhaize has an average rating of “Hold” and a consensus target price of $31.26.

OTCMKTS ADRNY opened at $27.37 on Friday. The business has a 50 day simple moving average of $28.60 and a 200 day simple moving average of $30.99. Koninklijke Ahold Delhaize has a one year low of $26.17 and a one year high of $35.63. The stock has a market capitalization of $28.66 billion, a P/E ratio of 10.73, a P/E/G ratio of 1.84 and a beta of 0.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.41.

The firm also recently announced a dividend, which was paid on Thursday, April 28th. Investors of record on Wednesday, April 20th were paid a dividend of $0.4683 per share. The ex-dividend date of this dividend was Tuesday, April 19th. This represents a yield of 2.81%. Koninklijke Ahold Delhaize’s dividend payout ratio is currently 36.08%.

Koninklijke Ahold Delhaize Company Profile (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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