Short Interest in BNP Paribas SA (OTCMKTS:BNPQY) Declines By 60.5%

BNP Paribas SA (OTCMKTS:BNPQY) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 23,592 shares, a decline of 60.5% from the June 15th total of 59,737 shares. Based on an average daily volume of 860,402 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

BNPQY has been the subject of a number of research reports. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, BNP Paribas has a consensus rating of “Hold”.

BNP Paribas Stock Up 1.8%

Shares of BNPQY opened at $58.14 on Wednesday. The stock has a market cap of $128.09 billion, a P/E ratio of 9.33, a P/E/G ratio of 0.57 and a beta of 0.77. The business’s 50 day moving average price is $55.34 and its 200-day moving average price is $52.92. BNP Paribas has a 52 week low of $37.50 and a 52 week high of $59.55.

BNP Paribas (OTCMKTS:BNPQY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13. BNP Paribas had a return on equity of 9.61% and a net margin of 23.86%.The company had revenue of $86.05 billion during the quarter, compared to analyst estimates of $15.85 billion. On average, equities analysts anticipate that BNP Paribas will post 6.64 EPS for the current year.

About BNP Paribas

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.