Carrefour SA (OTCMKTS:CRRFY) Sees Significant Drop in Short Interest

Carrefour SA (OTCMKTS:CRRFY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 41,147 shares, a drop of 70.5% from the July 15th total of 139,312 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 444,019 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Oddo Bhf upgraded Carrefour to a “neutral” rating in a report on Thursday, April 23rd. UBS Group raised Carrefour from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada began coverage on Carrefour in a research note on Monday, July 6th. They set a “moderate buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Carrefour presently has an average rating of “Moderate Buy”.

Carrefour Price Performance

Shares of Carrefour stock traded up $0.02 during midday trading on Friday, reaching $3.68. 76,418 shares of the company’s stock traded hands, compared to its average volume of 298,019. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.83. Carrefour has a 52 week low of $2.85 and a 52 week high of $4.13. The company’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.72.

Carrefour Company Profile

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.