Credit Agricole SA (OTCMKTS:CRARY) Stock Short Interest Jumps 947.7%

Credit Agricole SA (OTCMKTS:CRARY) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 26,204 shares, an increase of 947.7% from the October 15th total of 2,501 shares. Based on an average daily trading volume, of 799,504 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Credit Agricole Trading Up 0.1%

Shares of OTCMKTS CRARY opened at $8.87 on Wednesday. The company has a market capitalization of $53.68 billion, a P/E ratio of 7.57 and a beta of 0.64. Credit Agricole has a 12 month low of $8.19 and a 12 month high of $11.66. The stock has a 50 day moving average of $9.50 and a 200-day moving average of $10.02.

Credit Agricole (OTCMKTS:CRARY) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Credit Agricole had a return on equity of 24.18% and a net margin of 23.72%. The business had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $8.05 billion. Analysts predict that Credit Agricole will post 1.26 EPS for the current fiscal year.

About Credit Agricole

Crédit Agricole is a French banking group with roots in agricultural lending. Founded in 1894, it has developed into a diversified financial services provider serving individuals, businesses, farmers and public-sector organizations. Its activities include retail and commercial banking, corporate and investment banking, asset management, insurance, and consumer and specialized financing. The group operates through a network of regional and local banks in France and serves customers in other countries through its international businesses.