Crédit Agricole S.A. (OTCMKTS:CRARY) Sees Large Drop in Short Interest

Crédit Agricole S.A. (OTCMKTS:CRARY) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 16,000 shares, a decline of 53.5% from the July 15th total of 34,400 shares. Based on an average trading volume of 271,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Crédit Agricole to a “hold” rating in a report on Thursday, July 11th.

Crédit Agricole Stock Up 1.4 %

Crédit Agricole stock traded up $0.10 during mid-day trading on Tuesday, hitting $7.25. The company had a trading volume of 216,160 shares, compared to its average volume of 172,192. The stock has a market cap of $43.88 billion, a price-to-earnings ratio of 6.56 and a beta of 1.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 6.02. Crédit Agricole has a 1 year low of $5.82 and a 1 year high of $8.65. The business has a fifty day moving average of $7.28 and a 200 day moving average of $7.36.

Crédit Agricole (OTCMKTS:CRARY) last posted its earnings results on Thursday, August 1st. The company reported $0.31 EPS for the quarter. Crédit Agricole had a net margin of 23.85% and a return on equity of 7.46%. The firm had revenue of $7.32 billion for the quarter. On average, sell-side analysts expect that Crédit Agricole will post 1.1 earnings per share for the current fiscal year.

Crédit Agricole Company Profile

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services in France and internationally. It operates through French Retail Banking Regional Banks; French Retail Banking – LCL; International Retail Banking; Asset Gathering; Large Customers; and Specialised Financial Services segments.