Credit Agricole SA (OTCMKTS:CRARY) Sees Significant Drop in Short Interest

Credit Agricole SA (OTCMKTS:CRARY) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 6,762 shares, a drop of 64.8% from the May 14th total of 19,188 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 288,259 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Several analysts have issued reports on CRARY shares. Deutsche Bank Aktiengesellschaft downgraded shares of Credit Agricole from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Keefe, Bruyette & Woods raised shares of Credit Agricole from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Credit Agricole Stock Up 1.2%

OTCMKTS CRARY traded up $0.12 on Friday, hitting $9.62. The stock had a trading volume of 314,151 shares, compared to its average volume of 249,439. The business’s fifty day moving average price is $9.78 and its 200 day moving average price is $10.01. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.55 and a quick ratio of 1.55. Credit Agricole has a 52-week low of $8.64 and a 52-week high of $11.33. The stock has a market cap of $58.22 billion, a price-to-earnings ratio of 8.02 and a beta of 0.66.

Credit Agricole (OTCMKTS:CRARY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.25 billion. Equities research analysts anticipate that Credit Agricole will post 1.31 earnings per share for the current year.

Credit Agricole Company Profile

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.