Short Interest in Koninklijke Ahold Delhaize (OTCMKTS:AHODF) Drops By 5.9%

Koninklijke Ahold Delhaize (OTCMKTS:AHODF – Get Rating) saw a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 1,904,500 shares, a drop of 5.9% from the December 15th total of 2,024,900 shares. Based on an average daily volume of 5,300 shares, the days-to-cover ratio is presently 359.3 days.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Koninklijke Ahold Delhaize from $30.00 to $31.80 and gave the stock an “overweight” rating in a report on Wednesday, January 11th. Berenberg Bank raised their target price on Koninklijke Ahold Delhaize from $27.40 to $30.40 and gave the stock a “hold” rating in a report on Wednesday, December 14th. Finally, Morgan Stanley assumed coverage on Koninklijke Ahold Delhaize in a report on Friday, December 2nd. They issued an “overweight” rating on the stock.

Koninklijke Ahold Delhaize Trading Down 2.4 %

Shares of AHODF stock opened at C$30.03 on Monday. Koninklijke Ahold Delhaize has a 52-week low of C$24.88 and a 52-week high of C$34.19. The stock has a fifty day simple moving average of C$29.12 and a two-hundred day simple moving average of C$27.73.

About Koninklijke Ahold Delhaize

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Koninklijke Ahold Delhaize NV engages in the management and operation of supermarkets and e-commerce business. It operates through the following segments: The U.S., Europe, Other Retail, and Global Support Office. The U.S. segment includes Stop & Shop, Food Lion, Giant & Martin’s, Hannaford, Giant Food and Peapod.