Sendas Distribuidora S.A. (NYSE:ASAI) Short Interest Update

Sendas Distribuidora S.A. (NYSE:ASAI) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 2,970,000 shares, an increase of 7.6% from the March 31st total of 2,760,000 shares. Based on an average trading volume of 307,100 shares, the short-interest ratio is currently 9.7 days.

Sendas Distribuidora Price Performance

Sendas Distribuidora stock opened at $12.85 on Thursday. Sendas Distribuidora has a 52 week low of $10.44 and a 52 week high of $15.25. The company’s 50 day moving average price is $14.07 and its two-hundred day moving average price is $13.48. The stock has a market cap of $3.47 billion, a P/E ratio of 24.25, a P/E/G ratio of 0.61 and a beta of 1.17. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 4.10.

Sendas Distribuidora (NYSE:ASAI) last released its earnings results on Wednesday, February 21st. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Sendas Distribuidora had a return on equity of 16.48% and a net margin of 1.07%. On average, equities analysts predict that Sendas Distribuidora will post 0.63 earnings per share for the current year.

Institutional Trading of Sendas Distribuidora

Hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Sendas Distribuidora by 8.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,608 shares of the company’s stock worth $300,000 after purchasing an additional 1,865 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Sendas Distribuidora during the third quarter valued at $172,000. Signaturefd LLC increased its position in Sendas Distribuidora by 45.4% in the third quarter. Signaturefd LLC now owns 5,329 shares of the company’s stock worth $65,000 after buying an additional 1,665 shares during the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of Sendas Distribuidora in the third quarter valued at $134,000. Finally, Quantbot Technologies LP purchased a new position in shares of Sendas Distribuidora during the 3rd quarter valued at $52,000. Institutional investors own 8.76% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded shares of Sendas Distribuidora from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $15.00 to $17.00 in a research note on Tuesday, April 23rd.

About Sendas Distribuidora

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.