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

Credit Agricole SA (OTCMKTS:CRARY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,674 shares, an increase of 70.5% from the July 15th total of 1,568 shares. Based on an average daily trading volume, of 400,184 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

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

Credit Agricole Price Performance

OTCMKTS:CRARY opened at $11.60 on Monday. The business’s 50-day simple moving average is $10.30 and its two-hundred day simple moving average is $10.11. Credit Agricole has a 52 week low of $8.80 and a 52 week high of $11.66. The stock has a market cap of $70.20 billion, a PE ratio of 10.36 and a beta of 0.65. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.79.

Credit Agricole (OTCMKTS:CRARY) last released its quarterly earnings data on Friday, July 31st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Credit Agricole had a return on equity of 23.73% and a net margin of 23.39%.The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $7.99 billion. As a group, analysts forecast that Credit Agricole will post 1.34 EPS for the current fiscal 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.