Carrefour SA (OTCMKTS:CRRFY) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,800 shares, a decline of 70.2% from the August 15th total of 9,400 shares. Based on an average daily trading volume, of 188,900 shares, the days-to-cover ratio is currently 0.0 days.
Carrefour stock opened at $3.54 on Wednesday. The firm has a 50 day moving average price of $3.80 and a 200-day moving average price of $3.84. The company has a market capitalization of $13.95 billion, a P/E ratio of 12.21, a P/E/G ratio of 0.76 and a beta of 0.51. Carrefour has a twelve month low of $3.04 and a twelve month high of $4.78. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.69.
A number of analysts have weighed in on the stock. Societe Generale assumed coverage on shares of Carrefour in a research note on Thursday, September 9th. They set a “buy” rating on the stock. UBS Group reissued a “buy” rating on shares of Carrefour in a research note on Monday, August 2nd. Sanford C. Bernstein began coverage on shares of Carrefour in a research note on Wednesday, July 7th. They issued an “underperform” rating on the stock. Zacks Investment Research lowered shares of Carrefour from a “buy” rating to a “hold” rating in a report on Wednesday, September 8th. Finally, Barclays reiterated an “overweight” rating on shares of Carrefour in a report on Friday, July 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $4.25.
Carrefour SA engages in the provision of supermarkets and retail stores. Its activities include operation and management of hypermarkets; supermarkets; convenience stores; cash and carry stores; and both food and non-food e-commerce websites. The company was founded on July 11, 1959 and is headquartered in Boulogne-Billancourt, France.
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