Ahold NV (OTCMKTS:ADRNY) Sees Large Increase in Short Interest

Ahold NV (OTCMKTS:ADRNY) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 28,229 shares, an increase of 1,332.9% from the June 15th total of 1,970 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 206,633 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

ADRNY has been the subject of several recent research reports. Royal Bank Of Canada upgraded Ahold to a “hold” rating in a report on Monday, July 6th. Zacks Research downgraded shares of Ahold from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Wall Street Zen downgraded shares of Ahold from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 23rd. Finally, The Goldman Sachs Group lowered shares of Ahold from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Ahold Trading Up 0.2%

OTCMKTS:ADRNY opened at €40.80 on Friday. The stock has a market capitalization of $36.19 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.94 and a beta of 0.44. Ahold has a 52 week low of €32.25 and a 52 week high of €50.02. The company has a quick ratio of 0.46, a current ratio of 0.77 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of €41.86 and a 200 day moving average of €43.69.

Ahold (OTCMKTS:ADRNY) last released its quarterly earnings results on Wednesday, May 6th. The company reported €0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of €0.70 by €0.03. The business had revenue of €26.07 billion for the quarter, compared to analyst estimates of €26.24 billion. Ahold had a net margin of 2.48% and a return on equity of 16.97%. As a group, sell-side analysts anticipate that Ahold will post 3.14 earnings per share for the current fiscal year.

Ahold Company Profile

Ahold Delhaize (often shortened to Ahold) is an international retail grocery group that operates supermarkets, online grocery platforms and related food retail services. The company’s operations span both brick-and-mortar stores and digital channels, offering a mix of fresh foods, packaged groceries, household goods and private-label products. Its business model combines local store networks with centralized purchasing, distribution and supply-chain capabilities to serve everyday consumer needs.

The firm was formed through the 2016 merger of Koninklijke Ahold and Delhaize Group, creating a combined network of banners and ecommerce platforms across multiple geographies.