In November, there was a noticeable drop in the short interest for Koninklijke Ahold Delhaize (OTCMKTS: AHODF), reflecting a significant shift. By mid-month, the short interest had fallen to 903,700 shares, which is a 53.2% decrease from the end of October when it was at 1,929,900 shares. Considering that the average daily trading volume stands at just 800 shares, the short-interest ratio has now stretched to an eyebrow-raising 1,129.6 days.
Turning to the stock’s performance, when the market opened on Thursday, AHODF was priced at C$33.56. If we look at the broader trends, the company’s 50-day simple moving average is C$33.71, and over 200 days, it moves at an average of C$32.43. Within this year, the lowest the stock has dipped is C$27.05, while its peak was at C$35.53.
For those not familiar with the company, Koninklijke Ahold Delhaize N.V. runs retail food stores and also has a strong e-commerce presence across the United States, Europe, and other parts of the globe. These stores are well-stocked with everything from fresh produce, dairy, meat, and bakery goods to grocery staples, beer, wine, and even flowers. They also offer pet supplies, healthcare products, kitchen gadgets, gardening items, general merchandise, and more. Some locations also feature gas stations and pharmacies, making it a versatile and comprehensive retail chain.
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