BNP Paribas SA (OTCMKTS:BNPQY) Short Interest Up 67.7% in July

BNP Paribas SA (OTCMKTS:BNPQY) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 73,296 shares, a growth of 67.7% from the July 15th total of 43,710 shares. Based on an average daily volume of 505,439 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

BNPQY has been the topic of several research analyst reports. DZ Bank raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a report on Monday, July 27th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Kepler Capital Markets raised BNP Paribas from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, BNP Paribas currently has a consensus rating of “Moderate Buy”.

BNP Paribas Stock Performance

Shares of BNPQY stock opened at $64.90 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $142.99 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 0.64 and a beta of 0.77. BNP Paribas has a 1 year low of $37.50 and a 1 year high of $65.50. The firm has a fifty day moving average price of $59.47 and a 200-day moving average price of $55.01.

BNP Paribas (OTCMKTS:BNPQY) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. BNP Paribas had a return on equity of 10.32% and a net margin of 25.22%.The company had revenue of $16.38 billion for the quarter, compared to analysts’ expectations of $15.44 billion. As a group, equities analysts predict that BNP Paribas will post 6.7 earnings per share for the current year.

BNP Paribas Company Profile

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.