Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) Sees Significant Growth in Short Interest

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 292,900 shares, an increase of 6,556.8% from the September 30th total of 4,400 shares. Based on an average daily volume of 232,300 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised Koninklijke Ahold Delhaize from a “moderate sell” rating to a “hold” rating in a research note on Monday, September 23rd.

Koninklijke Ahold Delhaize Stock Up 0.3 %

Shares of ADRNY opened at €33.18 ($36.07) on Friday. Koninklijke Ahold Delhaize has a 1 year low of €27.51 ($29.90) and a 1 year high of €34.94 ($37.97). The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.56. The stock has a 50 day simple moving average of €33.94 and a two-hundred day simple moving average of €32.00. The firm has a market cap of $31.12 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.99 and a beta of 0.49.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported €0.70 ($0.76) earnings per share (EPS) for the quarter. The company had revenue of €24.06 billion during the quarter. Koninklijke Ahold Delhaize had a net margin of 2.09% and a return on equity of 15.98%. On average, analysts forecast that Koninklijke Ahold Delhaize will post 2.77 earnings per share for the current fiscal year.

Koninklijke Ahold Delhaize Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were issued a $0.4245 dividend. The ex-dividend date was Monday, August 12th. Koninklijke Ahold Delhaize’s dividend payout ratio is currently 41.55%.

About Koninklijke Ahold Delhaize

Koninklijke Ahold Delhaize N.V. operates retail food stores and e-commerce in the United States, Europe, and internationally. The company's stores offer produce, dairy, meat, deli, bakery, seafood, and frozen products; grocery, beer, and wine; floral, pet food, health and beauty care, kitchen and cookware, gardening tools, general merchandise articles, electronics, newspapers and magazines, tobacco, etc.; gasoline; and pharmacy products.