Short Interest in Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) Declines By 91.5%

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 24,600 shares, a drop of 91.5% from the February 28th total of 288,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 465,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Koninklijke Ahold Delhaize to a “strong-buy” rating in a report on Thursday, March 13th.

Koninklijke Ahold Delhaize Price Performance

Shares of Koninklijke Ahold Delhaize stock traded down €0.15 ($0.16) on Wednesday, hitting €36.73 ($39.49). The company’s stock had a trading volume of 53,400 shares, compared to its average volume of 148,239. The company has a market capitalization of $34.16 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.82 and a beta of 0.52. Koninklijke Ahold Delhaize has a 52-week low of €28.34 ($30.47) and a 52-week high of €37.67 ($40.51). The firm has a fifty day moving average price of €35.98 and a 200-day moving average price of €34.53. The company has a quick ratio of 0.49, a current ratio of 0.79 and a debt-to-equity ratio of 0.35.

Koninklijke Ahold Delhaize (OTCMKTS:ADRNY) last released its quarterly earnings results on Wednesday, February 12th. The company reported €0.74 ($0.80) EPS for the quarter. Koninklijke Ahold Delhaize had a net margin of 1.97% and a return on equity of 15.81%. On average, equities research analysts expect that Koninklijke Ahold Delhaize will post 2.84 earnings per share for the current fiscal year.

Koninklijke Ahold Delhaize Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Monday, April 14th will be issued a $0.7044 dividend. This is a boost from Koninklijke Ahold Delhaize’s previous dividend of $0.42. The ex-dividend date is Monday, April 14th. Koninklijke Ahold Delhaize’s payout ratio is 42.16%.

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.