Jerónimo Martins, SGPS, SA (OTCMKTS:JRONY) Short interest up 1,018.2% in January

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Jerónimo Martins, SGPS, SA (OTCMKTS:JRONY) was the target of a sharp rise in short interest in January. As of January 31, there was short interest totaling 12,300 shares, an increase of 1,018.2% from the total of 1,100 shares as of January 15. Based on an average daily volume of 11,000 shares, the short interest rate is currently 1.1 days.

JRONY was down $1.46 in Friday’s midday session, hitting $44.40. The company had a trading volume of 3,130 shares, compared to an average volume of 3,609. The company has a market capitalization of $13.97 billion, a PE ratio of 30.57, a P/E/G ratio of 1.91 and a beta of 0.63. The company has a debt ratio of 0.15, a quick ratio of 0.28 and a current ratio of 0.51. Jerónimo Martins, SGPS has a 12-month low of $30.45 and a 12-month high of $50.01. The company’s 50-day simple moving average is $47.05 and its 200-day simple moving average is $44.62.

Several research companies have commented on JRONY. Sanford C. Bernstein upgraded the shares of Jerónimo Martins, SGPS from a “market performer” rating to an “outperformer” rating in a Tuesday, Jan. 11 research memo. Barclays raised its price target on shares of Jerónimo Martins, SGPS from €16.50 ($18.97) to €18.00 ($20.69) in a Wednesday, January 19 research report. JPMorgan Chase & Co. reaffirmed an “overweight” rating on the shares of Jerónimo Martins, SGPS in a Thursday, October 28 research note. Zacks Investment Research downgraded the shares of Jerónimo Martins, SGPS from a “buy” rating to a “hold” rating in a Tuesday, January 11 research note. Finally, UBS Group upgraded the shares of Jerónimo Martins, SGPS from a “sell” rating to a “neutral” rating in a Thursday, December 9 research note. Six research analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.00.

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Company Profile Jerónimo Martins, SGPS

Jerónimo Martins SGPS SA engages in the production, distribution and sale of food products and other fast-moving consumer goods. It operates through the following segments: Portugal Retail, Portugal Cash & Carry, Poland Retail, Colombia Retail and Others, Eliminations and Adjustments. The Portugal Retail segment includes the business unit of JMR (Pingo Doce supermarkets).

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