Sendas Distribuidora S.A. (NYSE:ASAI) Sees Significant Increase in Short Interest

Sendas Distribuidora S.A. (NYSE:ASAIGet Rating) was the target of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 994,500 shares, a growth of 17.5% from the December 15th total of 846,100 shares. Based on an average daily volume of 415,200 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ASAI. Raymond James & Associates bought a new position in shares of Sendas Distribuidora in the 1st quarter worth approximately $584,000. American Century Companies Inc. raised its position in shares of Sendas Distribuidora by 15.6% in the 1st quarter. American Century Companies Inc. now owns 54,597 shares of the company’s stock worth $938,000 after acquiring an additional 7,368 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sendas Distribuidora by 9.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 108,752 shares of the company’s stock worth $1,868,000 after acquiring an additional 9,002 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. raised its position in shares of Sendas Distribuidora by 1.6% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 98,082 shares of the company’s stock worth $1,685,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Renaissance Group LLC bought a new position in shares of Sendas Distribuidora in the 1st quarter worth approximately $1,583,000. Institutional investors own 4.45% of the company’s stock.

Sendas Distribuidora Stock Performance

ASAI opened at $19.17 on Friday. The business has a 50 day simple moving average of $18.57 and a two-hundred day simple moving average of $17.49. The company has a quick ratio of 0.46, a current ratio of 0.91 and a debt-to-equity ratio of 5.10. Sendas Distribuidora has a one year low of $10.50 and a one year high of $20.53.

Sendas Distribuidora (NYSE:ASAIGet Rating) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.17. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $543.73 million. As a group, equities research analysts anticipate that Sendas Distribuidora will post 0.79 earnings per share for the current fiscal year.

Sendas Distribuidora Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Tuesday, January 3rd will be given a $0.03 dividend. The ex-dividend date is Friday, December 30th.

About Sendas Distribuidora

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Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. As of March 31, 2022, the company operated 216 stores under the Assaí banner, as well as 13 distribution centers. It serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.

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