Sendas Distribuidora S.A. (NYSE:ASAI – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 846,100 shares, an increase of 29.8% from the November 30th total of 651,600 shares. Based on an average trading volume of 443,700 shares, the days-to-cover ratio is currently 1.9 days.
Hedge Funds Weigh In On Sendas Distribuidora
A number of large investors have recently bought and sold shares of ASAI. FMR LLC lifted its position in Sendas Distribuidora by 64.5% during the second quarter. FMR LLC now owns 2,865 shares of the company's stock valued at $39,000 after purchasing an additional 1,123 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Sendas Distribuidora during the second quarter worth about $45,000. US Bancorp DE raised its position in Sendas Distribuidora by 75.4% in the third quarter. US Bancorp DE now owns 7,775 shares of the company's stock valued at $125,000 after purchasing an additional 3,343 shares during the period. Atlas Capital Advisors LLC acquired a new stake in Sendas Distribuidora in the 2nd quarter valued at approximately $124,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Sendas Distribuidora during the 2nd quarter worth about $151,000. Hedge funds and other institutional investors own 4.45% of the company's stock.
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Sendas Distribuidora Stock Performance
Shares of Sendas Distribuidora stock opened at $18.31 on Friday. The company has a debt-to-equity ratio of 5.10, a current ratio of 0.91 and a quick ratio of 0.46. Sendas Distribuidora has a 12-month low of $9.73 and a 12-month high of $20.53. The company's fifty day simple moving average is $18.47 and its two-hundred day simple moving average is $17.00.
Sendas Distribuidora (NYSE:ASAI – Get Rating) last posted its earnings results on Thursday, October 20th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.17. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $543.73 million. Sell-side analysts predict that Sendas Distribuidora will post 0.79 EPS for the current year.
Sendas Distribuidora Cuts Dividend
The business also recently disclosed a Variable dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, December 30th.
Sendas Distribuidora Company Profile
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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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